London, 16th January 2018 – Today marks the launch of Mayfair-based Glenhawk, the industry’s newest short-term property finance provider. Lending using its own capital, the company aims to offer something new to the bridging loans sector by combining financial know-how with wide-ranging real-estate experience. Competitive rates and a commitment to creating a swift and simple application process complete a proposition that promises a refreshing new option for the market.
The company was founded by Guy Harrington, CEO, who brings extensive experience as a property developer. Joining him is Managing Director Paul McFadyen, the former UK Managing Director of Regis Group and Director of Lending Nick Hilton, who has lent over £300M across both residential and commercial bridging since 2008. This mix of experience is endorsed and augmented by the backing of Non-Executive Director Harry Hill, a founder of Rightmove and former CEO of industry heavyweight, Countrywide.
“I founded Glenhawk because I’ve been there,” says Guy Harrington. “I’ve been a client and used short term finance myself so know exactly what a developer needs from a short-term finance partner. Competitive rates are only one part of the package – you also need to keep things swift and simple and invest in lasting relationships. Just because it’s a short-term loan, that’s no excuse for short-termism. We’re doing property finance properly.”
Glenhawk’s commitment to a fast and simple service is supported by a streamlined application process which gives an agreement in principle in minutes, a dedication to exploring how new technologies can simplify the process further, and the fact that it is initially lending its own capital, meaning no delays waiting for funds. What’s more, the company promises to pay brokers commission as soon as the loan is closed, without delay.
Rates start at as little as 0.5% per month and span from £300,000 to £5,000,000. Glenhawk charges no admin or exit fees.
This new approach has already led to substantial early interest, with seven potential loans in a pipeline that is growing daily.
“The short-term property finance market is a crucial part of the property development sector in the UK but has suffered in the past from association with the sharp business practices of an unsavoury minority,” says Harry Hill. “On the whole, we’re past that, but there was still room for a new player with a fresh approach to wake things up. When I met Guy and the team he’s assembled at Glenhawk, I was confident I’d found just that. I’m looking forward to seeing what Glenhawk can do.”
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Glenhawk provides swift, competitive short-term property finance, allowing clients to realise opportunities and progress developments. With a senior-leadership team deeply experienced in the real estate and financial worlds, Glenhawk has a unique understanding of its clients’ challenges and offers a simple, flexible approach that makes it the long-term partner of choice for short-term property finance.
Founded in 2017 by long-term developer Guy Harrington, CEO, Glenhawk is also led by Managing Director Paul McFadyen, former UK Managing Director of Regis Group, and Director of Lending Nick Hilton, who has a background in asset management and bridging loans, having leant over £300m since 2008. Non-Executive Director Harry Hill also contributes his experience as a founder and chairman of Rightmove and CEO of Countrywide.
Glenhawk does property finance differently: our flexible, competitive loans have complete transparency with no hidden costs. That’s property finance, built for you.
Annabel Rivero, Aspectus Group
0207 242 8867