LHV Bank has facilitated a commercial mortgage for Broxmouth Park Estate, a wedding and corporate event venue located in Scotland.
The facility was used to refinance the estate’s existing lender and release funds to support further site improvements and a new acquisition.
The funding aims to enable the enhancement of its facilities, positioning the business for future growth in the hospitality sector.
Simon Flame, owner and operator of the estate, sought a lender with an understanding of his business and a strong appetite to fund assets based in Scotland.
The case was introduced by Tom O’Brien of Portway Finance and the transaction included a 12-month interest-only period to accommodate ongoing improvements, followed by a 19-year amortisation term.
The facility was secured via a first legal charge over the property and a company debenture.
Amarron Frederick, lending director at LHV, said: “We are delighted to have supported Broxmouth Estate with this refinancing deal.
“This funding reflects our confidence in the estate’s long-term potential and its ongoing contribution to the local economy.
“Broxmouth’s unique blend of historical significance and modern-day appeal made this a compelling proposal.
“We look forward to seeing the estate continue to flourish and to being a part of its successful future. It was a pleasure to work with Tom and Simon on this transaction.”
Tom O’Brien of Portway Finance, added: “Broxmouth Park Estate is a landmark venue, and securing the right funding solution was crucial for its continued success.
“LHV Bank’s willingness to provide a flexible package and understand the business’s unique requirements made this deal possible.
“We’re thrilled to have played a role in helping Simon achieve his goals and are excited about the estate’s future.”
Simon Flame, owner of Broxmouth Park Estate, concluded: “Working with LHV and Portway Finance has allowed us to push ahead with our growth plans, and the release of additional funding ensures we can further cement our place as a leader in the hospitality and events sector in Scotland.
“Our Broxmouth Courtyard venue is one of the region’s newest additions, and it has been extremely well received by couples from across Scotland, the UK, and beyond.
“Having the financial expertise of the LHV team on hand to support our aspirations has been invaluable, and I would be more than happy to work with the team again on other business interests in the future.”
