To refinance the owners existing guesthouse mortgage debt from HSBC to a lender specialising in Bed and Breakfast and Guesthouse finance to take advantage of their competitive interest rates and terms.
After undertaking a through review of the operation and the business’ ability to service new debt, Stewart Hindley & Partners was able to source long term finance options from a regional lender who both understood the guesthouse sector and the seasonal nature of the trade.
The new guesthouse mortgage secured, improved the business’ debt service and cash flow. And, this in turn, allowed for refurbishments to be undertaken in order to maintain its trade and market position without duress.
Thanks a million. We are fully aware that this was a tricky brief and that you probably needed all your skills and experience to deliver this one! – You were somewhere between a straightforward broker, a juggler and magician!
Andrew & Caroline Griffin