Christie Finance arranges refinance for long-established Italian restaurant
Christie Finance is delighted to announce the successful refinance of a long-established Italian restaurant, supporting the owner with a time-sensitive funding requirement and securing a positive outcome for the business.
The licensed restaurant, owned and operated by an experienced restaurateur for more than 30 years, has built a strong reputation within its local community. The refinance was completed against the restaurant property, providing the funding required to meet an upcoming VAT liability while allowing the business owner to continue progressing his future plans.
The transaction was led by Sunny Bassi, Finance Consultant at Christie Finance, following an introduction from Christie & Co. Given the urgency of the requirement, the deal required a proactive and hands-on approach to ensure all parties remained aligned throughout the process. Close management of the valuation and legal work helped keep the transaction on track and enabled the refinance to complete within the required timeframe.
Having successfully operated the restaurant for three decades, Maurizio is now preparing for the next chapter, with the business currently being marketed for sale through Christie & Co.
Sunny Bassi, Finance Consultant – Real Estate at Christie Finance, comments, “I am really glad to have helped this client considering the high loan to value requirement. He was under a lot of pressure to raise funds to pay a VAT bill but with the close working ties we have with lenders we were able to meet the clients requirements.
This refinance demonstrates Christie Finance's ability to deliver tailored funding solutions for established hospitality businesses, combining market expertise, efficient deal management and a client-focused approach to help operators achieve their objectives.
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