Our client owns and operates five West London three star hotels through three limited companies.  He needed to refinance the existing mortgages and raise additional capital to refurbish and improve two of the hotels.  The hotels were valued at approx. £8.8m and making profits of £1.133m

CFB UK obtained loans from two different lenders.  The 1st loan was for £3.9m and was at a rate of 2.45% over base.  The 2nd loan was for £1.121m and is at a rate of 3.5% over base.

 

west-end