Refinance
Luxury Hotel
London
The hotel is owned by our client however it is rented to a third-party operator. The client had sadly lost his wife and found himself with some credit issues. Due to the time it took to work through probate there was pressure from a lender wanting to act on the default.
How we helped
We were able to support the refinance of this complicated hotel case in London.
This was a 12 month facility to allow the hotel to build its income and show trading figures.
The bridging loan allowed a longer term finance option to be sought.
Refinance was secured on the hotel and a 3rd party charge on a personal residence.
By adding the personal property this reduced the LTV which made it more appetising to high street lenders.
This was a complex situation but we were able to create an innovative and personalised solution with the client assets.
£1,200,000
Bridging Loan Amount
12 months
Bridging Loan Term
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