Editor's note: This brief was summarised by The Property AI Newsroom from a report by PropertyWire. Read the original article for full details.
Recognise Bank Completes £5.35m Hotel Refinancing Deal
Recognise Bank has completed two bridging loans totalling £5.35m, secured against freehold hotels in West Sussex and Buckinghamshire.
The 18-month facilities were completed at 70% loan-to-value within 30 days for an operator with over 25 years' experience in the sector.
What This Means for the Market
Bridging finance continues to play a role in refinancing commercial hospitality assets across the UK regions. For letting agents and inventory clerks working in or around West Sussex and Buckinghamshire, the deal shows ongoing lender activity in these markets, with specialist banks supporting experienced operators against freehold property security.
While this deal concerns hotel assets rather than residential lets, it reflects the broader appetite among UK lenders for secured lending on freehold commercial property.
Source: PropertyWire