| Loan type |
Standard bridge, allowing for medium renovation |
| Loan size |
£1.75 million |
| Loan term |
12 months |
| GDV |
£3 million |
| Property/asset |
Detached hotel building built in 1900s, c.2,000 sqm |
| Property location |
A popular and busy town on the south coast |
| Borrower |
Experienced borrower with similar, successful local businesses |
| Loan purpose |
Borrower 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 exit |
Refinance to commercial mortgage |
