The Scenario

The property in question is a delightful, detached two-story building that boasts a rich and captivating historical background as a traditional pub. This unique establishment has transformed and now vibrantly hosts a restaurant on the ground floor, which has successfully carved out a niche in the local dining scene. The restaurant draws in both local patrons and curious tourists, creating a lively atmosphere that is cherished by many.

On the upper level, the property includes comfortable and well-furnished accommodations for the restaurant staff. This thoughtful addition not only enhances the appeal of the establishment but also improves functionality for employees, ensuring they can live close to their workplace and enjoy convenient access to their jobs.

Given the property’s distinctive characteristics and the opportunities for growth it presents, we were particularly enthusiastic about the prospect of refinancing the existing mortgage. This effort would allow the business to better align its financial strategy with its evolving potential and expand its operations in response to increasing demand.

To facilitate this, we provided a £275,000 bridging loan with a favorable loan-to-value (LTV) ratio of 60%. This financial support is crucial for the restaurant as it embarks on new ventures and business enhancements.

Overall, this strategic move positions the company advantageously for future development, enabling it to capitalise on its unique offerings and the increasing interest from both locals and visitors alike.