Hoist Finance acquires mortgage portfolio in the UK
Hoist Finance has entered into an agreement to acquire a UK mortgage portfolio with an outstanding balance of approximately £38 million. The portfolio consists of performing and non-performing secured loans on residential and commercial property. The commercial property loans are mainly to small enterprises. “We continue our disciplined expansion into new asset classes. Ever since the first mortgage portfolio acquired in 2012 we have continued to gather data and know-how on how to price and manage these types of assets in the best possible way. Looking ahead we see significant growth