We are always pleased to work with existing clients as they progress on their journey and in this case, we are delighted that one of our investors, together with a private lender, has backed the business with a further £2.5 million of funding.
The Background Story
Our client originally approached us three years ago to assist with an aggressive acquisition strategy. The company was planning to buy a number of hotels but banks were unable to consider a group facility. From within our investor network, we matched our client with a private investor to provide sufficient funding to enable tier 1 lenders to offer best terms and rates on individual acquisitions.
We remained actively involved with the client and they recently asked for further help to raise funds to purchase a well-known boutique hotel.
Investment and Outcome
We quickly entered into talks with a small number of investors. Cutting to the chase, our client agreed terms with one of our investors. This produced £2.1 million of capital, which in turn allowed the business to complete on a smaller facility of £450,000 from a private lender known well to us. Our client was able to purchase the hotel property, bringing their portfolio of UK hotels to 21.
We continue to help source capital as they execute their ambitious future plans.
