
Case Studies
FRP Real Estate Advisory secures £10m refinancing for King’s Cross hotels
The 5-year facility was agreed at 65% loan-to-value (LTV) and replaced an existing capital expenditure loan.

The 5-year facility was agreed at 65% loan-to-value (LTV) and replaced an existing capital expenditure loan.

The deal covered four lenders and seven leases at 75% loan-to-value (LTV).

Refinancing climbed to 58% of completed deals, up from 46%, as banks returned to the market at all levels.

El Achkar joins FRP with 18 years in banking, the last seven spent lending against UK real estate.
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