Property Loans -
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The client was refurbishing their hotel and an offer of finance had been withdrawn by the bank.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.