Alternative Bridging Corporation has completed a £487,500 commercial term loan for a Nottinghamshire-based client to refinance an existing bridging loan and provide additional funding for future investment.
The borrower owns a 20-room hotel converted from a former residential property. After expanding and refurbishing the accommodation from 9 to 20 en-suite rooms, the hotel is now fully operational and let on a room-only basis. The property, generating regular income, was valued at £750,000.
The client used the new facility to repay an outstanding £385,000 bridging loan, reimburse a private investor, and release capital for further opportunities.
The 5-year Commercial Term Loan was completed in 19 working days.
Paul Gavin (pictured), head of sales at Alternative Bridging Corporation, said: “This was a case where the client had already made real progress.
“They’d taken on the project, invested in it, and turned the property into a solid, income-generating asset.
“What they needed next was a funding solution that matched where the business was now, not where it started.
“By switching from bridging to a term loan, they’ve not only secured a more stable footing but also freed up capital to focus on what’s next.
“It was a smooth process with everyone working towards the same goal, and we were able to complete in under a month.
“It’s exactly the sort of case our Commercial Term Loan is built for. It helps turn short-term progress into long-term potential.”
