Heavy Refurb Bridging Loan

Heavy Refurb Bridging Loan

Loan typeStandard bridge, allowing for medium renovation
Loan size£1.75 million
Loan term12 months
GDV£3 million
Property/assetDetached hotel building built in 1900s, c.2,000 sqm
Property locationA popular and busy town on the south coast
BorrowerExperienced borrower with similar, successful local businesses
Loan purposeBorrower needed short-term finance to renovate the hotel, converting second and third floors to Airbnbs and the ground and first floors to office and restaurant space.
Loan exitRefinance to commercial mortgage

Have a Project in Mind?