"It was a smooth process with everyone working towards the same goal, and we were able to complete in under a month"
- Paul Gavin - Alternative Bridging Corporation
Alternative Bridging Corporation has completed a £487,500 commercial term loan to support the refinance of a hotel property in Nottinghamshire and unlock capital for future investment opportunities.
The borrower, who owns a 20-room hotel converted from a former residential property, required long-term finance to replace an outstanding £385,000 bridging loan, repay a private investor, and release additional funds to support further business ventures.
The hotel, recently refurbished and expanded from nine to 20 en-suite rooms, is now fully operational and let on a room-only basis. It has been valued at £750,000 and is generating a steady income stream.
To meet the borrower’s requirements, Alternative Bridging structured a five-year commercial term loan. The case was completed in 19 working days.
The loan gives the borrower a more stable financing arrangement, aligned with their long-term business plans, and allows continued income from the hotel while providing flexibility for new investments.
“This was a case where the client had already made real progress,” said Paul Gavin, head of sales at Alternative Bridging Corporation (pictured). “They’d taken on the project, invested in it, and turned the property into a solid, income-generating asset.”
He continued, “By switching from bridging to a term loan, they’ve not only secured a more stable footing but also freed up capital to focus on what’s next. It was a smooth process with everyone working towards the same goal, and we were able to complete in under a month. It’s exactly the sort of case our Commercial Term Loan is built for. It helps turn short-term progress into long-term potential.”
