Hotel refurbishment loan on interest only basis


A new Bathgate client needed a additional finance to complete the refurbishment of a hotel


Client had sufficient equity within the hotel and therefore a secured loan was sought from a lender who could underwrite based on the security value and projected income


A £100k secured loan with interest only payments for 2 years was obtained, providing the client time to build the hotel’s trade and generate cash to meet future capital repayments