Alternative Bridging completes £487,500 Nottinghamshire deal

The commercial term loan was structured to meet the full funding requirement, with the case completing in 19 working days.

The client, who owns a 20-room hotel, converted from a former residential property, required long-term funding to repay an outstanding £385,000 bridging loan, reimburse a private investor contribution, and release capital for further opportunities.

The hotel had been recently refurbished and expanded from nine to 20 en-suite rooms, and was valued at £750,000.

Following the refurbishment, the accommodation is now fully operational and let on a room-only basis, generating steady income.

Commenting on the deal, Paul Gavin, head of sales at Alternative Bridging (pictured above), said: “This was a case where the client had already made real progress. They’d taken on the project, invested in it, and turned the property into a solid, income-generating asset.

“What they needed next was a funding solution that matched where the business was now, not where it started.

“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.”