Urgent Short Term Loans to Settle a Motel or Hotel Purchase

We can look at it, where the bank's payout figure fits within 70% of our valuation of the freehold. We assess the freehold and your plan to repay us, such as a sale in the stronger season or a bank refinance once trading recovers. Send us the bank's written payout figure, the last two years of monthly trading figures and that plan. We do not give insolvency advice, but we can connect you with insolvency specialists in our network, who can explain what repaying the bank in full means for the receiver's appointment.

• →Refinancing a lender that has appointed a receiver

We need to learn your scenario further. Our valuers review the occupancy and trading figures, including where the bookings come from and what the platforms deduct, as part of a going-concern valuation of the freehold. Send a breakdown of direct and platform bookings for the last two or three years, and the bank valuer's report if you have it.

Yes, where another property you own secures the loan. The company buying the business is the borrower. A motel lease and the business are never our security, so the loan is secured by your home, an investment property or other real property, up to 70% of its value. Send us the sale contract and details of the property you can offer.

• →Urgent business acquisition loans

Up to about $3,010,000 using both properties. On a purchase we lend up to 70% of the lower of the value and the price, so we work from $2.9 million for the motel, and 70% of $4.3 million across the motel and your home is $3,010,000. That leaves about $190,000 of the price, plus stamp duty and costs, to come from your own funds.

No. The loan is for buying the operating motel business and its freehold, which is a business purpose, and the manager's residence is part of the freehold property that secures it. Tell us how the residence is treated in the motel's trading figures, because our valuers include it in the going-concern valuation.

Yes. A bridging loan can be secured by both freeholds, up to 70% of their combined value, and it is repaid from the proceeds when your current motel sells. Tell us when you plan to list and what the agent expects, so the term runs past a realistic sale date.

• →Bridging loans

Yes. An ATO debt on its own is not a reason we decline, and $350,000 is within our range. The loan is secured by the freehold property, valued on a going-concern basis, and the funds are paid to the company, which pays the ATO in full. The loan is then repaid through a defined exit, such as a bank refinance after the peak season.

• →Tax debt loans

Yes, where the freehold supports the loan. We lend up to 70% of the freehold's value on a going-concern basis, and terms can come back within hours of your enquiry, which leaves most of the 45 days for the valuation and the documents. Send us the bank's letter, the loan statement and two or three years of occupancy figures.

• →Refinance business loans

Yes. Our in-house valuation team assesses unique and non-standard property, and values a boutique hotel on a going-concern basis using its trading figures as well as the building. Send us the contract and three years of trading figures, and we will tell you within hours whether we can proceed.

• →Private lending for boutique hotels

We need to learn your scenario further. We ask about your experience running accommodation, or your manager's, because it affects how the motel trades and how a bank will view the refinance. Tell us about the manager, their contract and how long they have run this motel.

• →Hospitality lending

Yes, as a lump sum paid at settlement. The cost of the works can be included in the loan within 70% of the lower of the value and the price, and it is paid in one amount, not drawn in stages as the work progresses. Send us the order and the contractors' quotes with your enquiry.

In NSW, a transfer takes effect once provisional approval is given, usually within ten business days of a complete application, and the business can keep trading while it is assessed. Your solicitor can time settlement around it, and other states have their own processes.

Yes. The furniture, fittings and booking system are what the money buys, paid as a lump sum at settlement within 70% of the property value. They are never the security.

Yes, as part of the loan at settlement, within 70% of the property value. Tell us the budget and the season you are working towards, and we will set the term to run past the peak season.

Yes. In NSW, the owner of the premises can be the licensee for 28 days from becoming entitled to possession. We can refinance or fund working capital while you run the motel or find a new operator.

The term can change. We set it to run through a full peak and off-peak season if the bank refinance needs one, and seasonal occupancy is already reflected in the going-concern valuation.

Yes. We can fund the purchase of the adjoining property and add it to the security. We do not fund the construction of new rooms.

Same-day funding is possible for a motel purchase, depending on your scenario. Send the occupancy figures with your enquiry, because they are the first thing our valuers review.

• →Terms in 2 hours and settlement in 4 business days for a pub operator's ATO debt
• →$1.88 million settled in 48 hours when a bank was delayed
• →$3.2 million funded within 24 hours

Yes. We lend for working capital to motels, hotels, caravan parks and other tourism and hospitality businesses, including staff and supplier payments in the quieter months.

• →Hospitality lending
• →Working capital loans