Hilco Real Estate Finance (HREF), a Northbrook, Illinois-based real estate bridge lender, is bringing its short-term property finance expertise to the U.K. market.
According to the company, HREF will provide their U.K. clients with loans ranging from £1 million to £50 million and loan-to-value ratios of up to 75%. The new endeavor is being led by the company’s co-founders, CEO Brad Altberger and Chief Investment Officer Max Lewis. Both have deep experience in this market – Altberger was previously a London-based managing director of GI Partners and Lewis was at Arrow Global, where he led a specialist lending franchise, and had previously set up two bridge lending programs in the U.K.
HREF is backed by Hilco Global, a multinational organization with over $3 billion in assets under management.
“Growing our successful bridge lending practice into the U.K. market is a natural next step to expand Hilco Real Estate’s business,” said Neil Aaronson, CEO of Hilco Real Estate and chairman of HREF. “With over 20-plus years of experience in the industry, Hilco Real Estate has become known to business owners and advisors alike as the experienced, strategic partner to trust. We see this as a seamless extension of that reputation.”
