Refinance of Hotel and Fast Food Outlet


This client had purchased a newly build hotel with a fast food take away on site using short term funding. They wanted to refinance the debt to reduce costs, however the hotel chain leasing the property had declared insolvency during lockdown, with a reduction in rent due for the next 2 years.


We manage to source a term loan.


The client could then repay the bridging loan used to purchase the property, with a part repayment – part interest only loan.