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.

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Want the details?

Colliers International Structured Finance
Second Floor, Weighbridge House, Liberation Place, St.Helier, JE2 3NA, Jersey.

+44 1534 767 600
structuredfinance@colliers.com

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