Finance for Holiday Lodge Site

Commercial Finance for Holiday Lodge Site

At NapeX Finance we thrive on specialist and complex cases.

Client Requirement:

Our client required a facility of £300,000 to repay a bridging loan against a valuation of £750,000.

The loan was needed to repay an existing bridging loan which was used to build out the holiday lodges and sell the lodges to the public.

The Interesting Stuff:

Finance was provided by a challenger bank over a 25 year term at 6%.

The client will be moving onto the next phase of the site and we have built a long-term relationship with the lender with this being the 3rd facility over the last year.

For more information on property finance for businesses please go to http://napexfinance.co.uk/property-finance/business-mortgages/

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Napex Finance Ltd is registered in England and Wales No. 11595149. Registered Office: 78 Loughborough Road, Quorn, Leicestershire, LE12 8DX All rights reserved. Napex Finance Ltd is authorised and regulated by the Finance Conduct Authority (FCA) No. 827051. The FCA does not regulate some mortgage contracts.