Refinance
for business expansion
Income
Business trading
Saving
£1,000,000
A hotel sought up to 75% LTV to enable business expansion to continue.
A specialist lender with knowledge of the sector esnured best rates for the business.
The deal
Assets
- Hotel valued at £37m
Security
- First charge over asset
Income
- Business trading
- Unproven business projections post-expansion
Requirements
- £27 million refinance
- Up to 75% LTV sought
- 5 year term
Challenges
- EBITDA multiples
- Income split across centres
Facility Secured
- 5 year term
- Full £27m sought
- Specialist debt fund
Summary
A hotel business seeking to refinance and enable future expansion. Care was required to ensure business projections were presented correctly, with detailed and justified analysis both from a macro and micro economic perspective.
A specialist lender was secured with a detailed knowledge of the sector and a willingness to work closely with the management team in developing the business as planned.
We were retained to monitor business performance and report to the lender on a quarterly basis.