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Commercial Loan
Restaurant and living accommodation
Location - Ascot
Property Value - £900,000
Loan Amount - £580,000
Loan Type - Commercial
LTGDV - 65%

An experienced restaurateur purchased the freehold of a redundant public house and created an Italian casual dining restaurant serving the local sporting community.

The business had been established but there was an opportunity for further improvement. We provided a two-year loan to enable sufficient time for the profitability to be proven prior to refinance by way of a term loan.

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