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UK: Hilco Real Estate Finance (HREF) has completed a £30 million bridging loan against an 88-apartment build-to-rent (BTR) scheme in Acton, west London.
The development, which provides a mix of one-, two- and three-bedroom apartments, comprises two blocks of 13 and nine storeys.
“A combination of its Zone Three location, strong rental demand and high level of specification make this a standout build-to-rent scheme with excellent investment prospects,” said Charlie Job, director at HREF. “With the majority of development work complete and a deliverable business plan in place, this represents a great opportunity for all parties and we are pleased to be providing the finance to support this next phase.”
The 15-month facility will refinance an existing development loan, enabling the borrower to complete the development while simultaneously going through the building control sign-off process, before leasing up the units.
Highlights:
- £30 million bridging loan for west London BTR scheme: Hilco Real Estate Finance has provided financing for an 88-unit build-to-rent development in London (Acton).
- Late-stage development financing: The 15-month facility refinances an existing loan, supporting final construction, building control sign-off, and lease-up.
- Mid-market rental mix in Zone 3 location: Scheme includes one-, two-, and three-bedroom apartments across two residential blocks (nine and 13 storeys).
