The Objective
To source guest house finance which would allow this existing operator to purchase a larger business concern based on a bed & breakfast concept.
The Solution
Stewart Hindley was able to source B&B finance options from a regional lender who understood the seasonal nature of the trade.
The Result
Additional debt was also sourced by way of equity release from the client’s residential property, to make weight, with bank debt at 70% LTV.
Comments
In what was a stressful time for us, Stewart Hindley made it stress free. We had a very good relationship with them. They were great at co-ordinating it all and managed to get hospitality finance deals we would never have been able to get ourselves.
Mr & Mrs Robyn Hicks