Manchester-based Hilton Ventures Plc (“Hilton Ventures”), the short-term property finance company, is pleased to announce that the company has raised £1.15 million by way of a long-term loan from a third party. The new funds will allow the business to continue growing its expanding loan book and make full use of its bank facility.
[UKPRwire, Thu Jul 31 2008] Manchester-based Hilton Ventures Plc (“Hilton Ventures”), the short-term property finance company, is pleased to announce that the company has raised £1.15 million by way of a long-term loan from a third party. The new funds will allow the business to continue growing its expanding loan book and make full use of its bank facility.
Graham Alcock, Chairman of Hilton Ventures, commented:
“We are delighted to have finalised this latest agreement. Over the last eighteen months we have been able to steadily grow our loan book. As a result, we have been unaffected to date by the bad debt situation that is currently affecting many of our competitors. This latest round of funding bears testimony to the strength of our internal procedures, the team we have put in place and the quality of the loan book we have built so far.”
Based in Manchester, Hilton Ventures provides short term loans typically between £75,000-£750,000, on property related transactions with immediate ‘in principle’ decisions being able to be given by its experienced property team.
It is currently receiving an increase number of enquiries from property professionals and developers who are looking for quick decisions and the ability to complete on deals in a short space of time.
Fur further information, go to www.hiltonventures.co.uk.
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For further information:
Hilton Ventures Plc Graham Alcock Tel: 0161 886 0500
Gth media relations Toby Hall / Christian Pickel Tel: 020 7153 8039/8036
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