Recognise Bank completes £5.35m hotel refinancing deals
UKPulse Property Desk
Recognise Bank has completed two bridging loans totalling £5.35 million for freehold hotels in West Sussex and Buckinghamshire.
- Recognise Bank completed two bridging loans worth £5.35 million.
- The loans are secured against freehold hotels in West Sussex and Buckinghamshire.
- The 18-month facilities were completed at 70% Loan-to-Value within 30 days.
Recognise Bank has finalised two bridging loans, amounting to a total of £5.35 million. These facilities are secured against freehold hotels located in West Sussex and Buckinghamshire.
The 18-month loans were completed within 30 days at a 70% Loan-to-Value (LTV) for an operator with over 25 years of experience.