Private Lender for Accommodation and Tourism Businesses

It can. We lend on the motel freehold property as it stands, with the lease arrears taken into account in the valuation, and your company as the owner is the borrower. Your solicitor manages ending the lease. The exit is usually a refinance once a new operator or manager is trading, or the sale of the motel.

Yes. The going-concern valuation of the lodge property already reflects seasonal trading, and a three to six month term fits the gap between April and the winter bookings. The exit is the winter season's income or a refinance, so bring two or three years of trading figures by month.

Yes, where the hotel property has equity inside the 70% limit. We lend a single amount at settlement, so the upgrade budget is paid to your company in one sum. The usual exit is a refinance once the hotel is trading under the brand and the new figures are on record.

• →Private business loans for hotel and motel finance

Yes. We value the motel property as it stands, and the signed lease can support the refinance that repays us. We lend a single amount at settlement, so the upgrade budget is paid to your company before the work starts. Bring the draft lease and the upgrade quote.

It can. One lost season is read alongside the years of trading before it rather than on its own. The exit is next season's trading or a refinance, and a second mortgage can sit behind your existing bank loan.

• →Second mortgage finance

Yes. Loans above $10,000,000 are assessed case by case, and we need to understand the scenario fully before we confirm terms. On a purchase we lend up to 70% of the lower of the price and our valuation, so at $28,000,000 the hotel property alone could support up to $19,600,000. Our valuers assess the hotel on a going-concern basis, and the balance comes from your company's funds or other property added as security.

• →Million dollar loans

It can. We value the building as it stands, with its current occupancy and leasing, and changes in the student market affect the valuation and the amount rather than whether we lend. The exit is usually a refinance once the next intake is on record, or the sale of the building. Bring the occupancy by semester for the last two years.

Yes. At a price of $2,600,000, the 70% limit allows up to $1,820,000 secured by the motel freehold property itself, valued on a going-concern basis. The balance and the purchase costs come from your own funds or from a director's home added as security. Once your company owns both the business and the freehold, the usual exit is a refinance to a bank.

Yes. The company is the borrower and the director's home secures the loan. If the home is worth $1,600,000 with $450,000 owing, the 70% limit leaves room for up to $670,000. The refit is what the money buys. The exit is usually the season's trading or a refinance once the boats are back in service.

Yes, as part of a loan of at least $250,000, our minimum. The loan funds are paid to the company, which pays the premium and the rates. A term of three to six months suits a once-a-year bill, with the season's trading or a refinance as the exit.

No. We take a first or second mortgage over the freehold accommodation property, valued on a going-concern basis, or over a director's home or investment property. The loan can still pay for furniture and fittings.

No. We assess the property and how the loan will be repaid. Seasonal occupancy is already reflected in a going-concern valuation, which is why we ask for two or three years of figures, and we can set the term to run through a full peak and off-peak season.

No. In a land lease community, residents own their homes and lease the land. Their homes are not the operator's property, so we leave them out of the valuation and the security, and lend on the park land and the operator's own buildings.

Yes. We lend to companies, including a company acting as trustee, to buy short-stay and holiday-let investment properties, and we value the property at its market value rather than its booking income. Our loans are for business purposes only, so we do not fund a holiday home for personal use.

No. We lend a single amount at settlement and do not fund staged construction. New cabins, furniture and a refurbishment can be paid for from that amount, as long as the total stays within 70% of the property value.

We lend from $250,000, with larger loans assessed case by case, up to a 70% loan-to-value ratio across all mortgages over the property. Terms run from 1 to 24 months, and most borrowers use the loan for 3 to 6 months while the refinance or sale completes. Rates start from 9.7% p.a. on a first mortgage and 11.95% p.a. on a second mortgage.

We make a decision in hours, and settlement within 24 hours is possible on a complete file with clear title and a defined exit. Occupancy and trading figures are the first thing our valuers review, so having two or three years of them ready is the best way to keep the timeline short.