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 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%
LTV, subject to status
Key Factors to Consider for Your Loan Application
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 personally benefit from?
A deposit of 30% or more
Good credit history
Two years' trading accounts and income projections
Strong proposal from Christie Finance
Proof of experience