Property Loan for a Hotel Refurbishment

Opportunity:

The client was refurbishing their hotel and an offer of finance had been withdrawn by the bank.  Finance was needed to pay creditors and to complete the project.

Approach:

Bathgate introduced a funder who had quick turnaround times and who also could work with a local valuer.

Solution:

An Interest only term loan was approved and drawn within 3 weeks of initial introduction.