Hotel & Restaurant Finance - £250,000
We have arranged Commercial Mortgage facilities for many clients and purposes. The following is an example of the facilities we have arranged for our clients.
For: Hotel & Restaurant in a busy Market Town
Location: North Wales
The client was seeking funds to extend the Restaurant where demand was very strong.
Existing bankers were not being overly helpful; there had been a recent change in Manager and the new incumbent seemed cautious.
- Sterling arranged a mortgage of £250,000 to repay existing borrowings and cover the extension costs.
- A 15-year repayment facility was agreed at bank base rate plus margin 2%.
Complete a contact form or call 0115 9849800 to find out how our experts can help you to secure the commercial mortgage or other property finance you need.
