Specialist
Property Development Finance for Hotel Development
For those who need to find a way to fund their development quickly, a bridging loan may be an appropriate way to source development finance.
Bridging loans are a type of fast, short term finance that can be accessed through private lenders.
Bridging loans can offer:
Bridging loans may be a suitable solution for developing a hotel, as they can provide a large amount of funding in a short space of time that could help eliminate costly delays.
The majority of bridging loan lenders give the borrower the option to ‘roll-up’ interest to pay at the end of the term of finance. This may suit hotel developers, as it enables them to avoid monthly interest payments and allows them to focus their funding on the development to expedite the completion of the project.
Typically, bridging loan lenders will only agree to provide the finance required if the borrower has an exit plan in place. An exit plan is the strategy that a borrower will use to repay the loan at the end of the term of finance. An example of an exit plan is where the borrower secures a more permanent type of finance.
It is possible to acquire up to 100% of the purchase and development costs for a hotel. This type of finance is only available to developers with a strong portfolio of successful projects. As a result, lenders will not grant 100% development finance to new developers because the associated risk is too high.
The financial service industry is filled with complex products that are forever changing and developing. Unless you have an in-depth understanding and an up to date knowledge of the marketplace, selecting the right finance for your hotel development may be difficult. If you are in need of development finance, it may be beneficial to contact a professional broker to explore what is available to you.
At Clifton Private Finance, we pride ourselves on arranging bespoke financial solutions to cater for our clients’ needs.
If you require property development finance for your hotel renovation or development, contact our development finance team on 0203 900 3040 or complete our callback form.
I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
C Jefferey
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
Mr Morris
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
Charles N
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
Rowena C
I have received fantastic service from your company from my first moment of contact. Adam Arnott has been dealing with my application and has kept me informed throughout the normally stressful process.
John H
