King's Cross Hotel Portfolio Secures £10 Million Refinancing
UKPulse Property Desk
A portfolio of three Grade II listed townhouse hotels in Argyle Square, Bloomsbury, has secured a £10 million refinancing deal.
- The refinancing is a £10 million term loan.
- The loan was arranged by FRP Real Estate Advisory.
- The facility is for a five-year term.
A portfolio of three Grade II listed townhouse hotels located in Argyle Square, Bloomsbury, has been refinanced with a £10 million term loan. FRP Real Estate Advisory arranged the five-year facility.
The refinancing was completed with minimal post-refurbishment trading history, with lenders underwriting forecast income.