Our Consultants can provide finance options for Pubs / Drinking Hotels.
Below is a brief summary:
Loan Purpose:
Our Consultants can provide funding options for Drinking Hotels looking to finance acquisitions or make improvements.
Maximum Loan Amount (case by case):
Freehold (with gaming): up to 60%
Freehold (without gaming): up to 50%
Leasehold (with gaming): up to 50% of going concern valuation by a bank instructed valuer
Loan Team:
Freehold: 5 years (Interest only max loan term of 3 years)
Leasehold: 5 years
Security:
Registered mortgage over hotel property (or lease, if leasehold).
Registered General Security Agreement (GSA) over the business assets of the hotel.
Directors’ guarantees. A specific charge/security over the hotels’ liquor license and, where appropriate for state legislation, related licenses for gaming or off-license packaged liquor.
Operations (not applicable in WA) – A Deed of consent between lessor/ lessee and Westpac if the hotels operating under the leasehold arrangement.
Please contact us to discuss any opportunities.
