Property One joins Hyrock
The real estate service provider Property One has acquired a stake in Hyrock. The company specializes in complex real estate financing.
Hyrock describes itself as a mortgage boutique. The company, which has offices in Zurich and Geneva, enables investors to invest directly or indirectly in mortgages. It also offers various services related to these investments, such as the management of a mortgage portfolio.
Complex and large real estate financings are very difficult to standardize and require a great deal of consulting, is the reason given by Property One for its investment in Hyrock. The regulatory requirements for banks and the ongoing adjustments to these framework conditions make it difficult for professional real estate investors and wealthy clients in particular to find tailored solutions, for example with regard to the price or scope of the financing.
"Our strategic investment in Hyrock comes against the backdrop of specializing in real estate finance. We want to use the experience of the Hyrock team to expand our value chain," says Kevin Hinder, the co-founder and CEO of Property One. He has been elected to Hyrock's board of directors. (ah)
