Remortgage of a Family Hotel
- Client
- Family-run hotel
- Finance type
- Commercial Mortgage
- Amount
- £778,125
- Lender
- Together
- Outcome
- Completed in 8 weeks
- Commission
- £15,562.50
- Location
- Porthcawl
- Lead source
A family-run hotel in Porthcawl, run by father and son, wanted to raise additional funds to refurbish the property. It was a straightforward case on paper, with a clear plan for the money and a business the owners knew inside out.
We remortgaged the hotel with Together at £778,125, completed in eight weeks, releasing the funds for the refurbishment.
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