Nikita Nigai, Financial Advisor at Arc & Co.’s client needed equity release from Newquay Beach Hotel, a boutique 42 room 4-star hotel, to complete its refurbishment. Even though the client did not have any experience in the hotel business, Nikita found a solution. He was able to advise the client to obtain a £600,000 bridge loan against £2,200,000 value with a rate of 0.85% monthly for 8 months with the possibility of a 16-month extension rolled up.
Newquay Beach Hotel
Contact:
Nikita Nigai
Asset Finance Advisor
Arc & Co. Private Finance
T: +44 (0)20 3205 2122
E: nikita@arcandco.com