Commercial Mortgages for Leisure Businesses
As the economy grows so, too, does disposable income, and one area in which people seem increasingly willing to spend their money is leisure-based activities.
Leisure is one of the most diverse sectors in the economy, comprising entertainment venues, gyms and sports facilities, theme and holiday parks. It is the diversity and scale of the sector that makes it such an attractive investment option.
Whichever sub-section of this varied and vibrant sector you’re interested in, Christie Finance will help you get the funding you need. As an independent broker, we are not tied to any particular lender. We have established and trust-based relationships with the leading lending institutions. We know which ones are financing the leisure sector, and whom to approach to get the best deal for you.
Leisure loan features
The terms of a commercial loan against a leisure facility will vary considerably from lender to lender but, as a general rule, the following may apply:
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70% - 100%
loan to business value ratio
The Christie Finance Team
At Christie Finance we understand that, for many people, investing in a leisure business is not just a commercial decision but the start of a life-changing journey. Rest assured that we will be with you all the way – understanding your requirements and explaining your options. Our experienced and knowledgeable Consultants will guide you through the finance options and mortgage application process, from your initial enquiry to completion. But we don’t leave it there: We are always available to discuss and review your commercial mortgage to ensure it is as competitive as possible.
When you are thinking about buying a business there are various things that both you and a potential lender will need to consider:
Experience – do you have the right level of experience to run the business? How will you run it?
Performance – how well is the business doing? Is it in a good location? Is there enough profit in the business to be able to repay a loan easily and allow you to take enough out of the business for yourself?
Contribution – what are you able to invest in the business (savings, other properties, etc.)?
Personal history – do you have a clear credit history?