Hotel Mortgage Experts
Christie Finance is an expert in commercial hotel mortgages. We can help you get the best hotel mortgage.
The hospitality and tourism sector is on the up. It’s attracting investors, developers and operators to an ever-expanding market. Now is the perfect time for you to take advantage of a growing industry by taking out a business loan to purchase a hotel.
We can give you a quote for a hotel mortgage that considers all your borrowing needs. All you have to do is tell us:
- How much you want to borrow
- How big your deposit is
- Your personal details
- Your contact details
- Your location
Submit the above information to get a hotel mortgage quote. One of our finance experts will then contact you to help you get the hotel mortgage you need.
Hotel loan features
The terms of a commercial loan against a hotel vary considerably from lender to lender. As a general rule, the following may apply (subject to status):
Examples Of What Hotel Mortgage Finance Can Be Used For
Without having a specific property in mind, it can be difficult to know exactly what type of hotel property a mortgage for a hotel can be used for.
Christie Finance has helped a huge amount of people to get the hotel finance they need from a commercial mortgage broker.
Check out some of the hotel mortgages people have secured after getting financial advice from us.
8 Key Things You Need for Your Commercial Loan Application
Applying for a loan is a vital part of buying a hotel business because it gives you the money you need to make the venture a success.
Lenders need some important information from you to process a successful application for a business loan.
To help you prepare, these are the key things most lenders need from you:
- A deposit of 30% or more
- Good credit history
- Evidence of business performance
- Two years' trading accounts
- Income projections
- Additional security
- Business plan
- Proof of experience
Experience and performance are two important areas a lender for commercial mortgages will question you on.
The lender will need to know if you have the right level of experience to run the business. They’ll ask how you’ll run it and what your plan is to ensure it’s a success.
The lender will need to know how well the business is doing. They’ll ask if it’s in a good location and if there’s enough profit in the company to be able to easily pay interest on the money you want to borrow.
Improving RevPAR Means Now Is A Good Time To Get Hotel Mortgages
RevPAR (revenue per available room) is the metric used to evaluate the ability to fill all available rooms in a hotel at an average rate. This means that if RevPAR is increasing then average room prices are going up.
The pandemic put a big dent in RevPAR but it’s improving and this means now is an ideal time to get hotel mortgages for investment properties.
GET A QUOTE from Christie Finance today to find out how much you could borrow from hotel mortgage lenders to get your investment property.
Lending Appetite Is Strong Among Hotel Mortgage Lenders
The appetite from lenders to fund hotel acquisitions, developments and refinance projects is strong. Many banks are specifically targeting the sector, allocating many hundreds of millions of pounds for Hotel funding.
The appetite from Challenger Banks and the emergence of Debt Funds specialising in Hotels has made the market even more diverse.
As a result, Christie Finance has been able to secure longer interest-only terms and identify solutions for a diverse range of exciting projects.
Whatever you have in mind, Christie Finance will help you get the funding you need to purchase or lease the hotel you want.
What Christie Finance Can Help You With
Christie Finance specialises in hotel finance. Our team of hotel mortgage brokers can answer all your questions about commercial mortgages, such as:
- How can I get a commercial mortgage for a hotel purchase?
- How long does it take to get a loan for hotel properties?
- How much downpayment is required for a hotel?
- How much hotel financing can I get?
Watch the video below to discover what Christie Finance can help you with.
Our commercial mortgage services
We’ve been helping first-time buyers and existing business owners secure funding for over 45 years.
What makes Christie Finance different?Find out more about commercial mortgages
Try our mortgage calculator
Find out how much you will pay each month for your loan by trying out our business mortgage calculator.