Acorn Commercial Finance

Hotels

Even in today’s economic climate a number of commercial mortgages and other finance deals for hotels are still being completed. Banks are lending, albeit with “tighter” criteria than was the case before the recession. Acorn also have experience in using non-bank funding such as investment houses and venture capital to make a proposition viable when traditional sources struggle.

Going concerns will attract a realistic finance offer from a lender so long as the ability to repay the loan is demonstrated and the applicant has a suitable background to allow a lend. Acorn’s experts will assist in the formulation of the proposition and the presentation to the best lending sources.

Finance of up to 85% of the Market Value (Going Concern Value) is possible when purchasing or refinancing an existing and trading unit, assuming the proposition is of a high quality. Call Acorn at the early stages to assess what is likely to be available.

As with any proposition the quality of the information provided and the level of participation from the client will dictate the final offer.

Sitting tenant purchases

The sitting tenant of an hotel is in a fantastic position to be able to purchase the freehold. Acorn have helped many clients do this over the years. In most cases the finance raised can be up to 100% of the agreed purchase price. Acorn recommend you discuss your case first, before making your offer in order that you fully understand your potential buying power.

Hotel Developments

Acorn have one of the best track records in all forms of hospitality sector funding including development finance. As well as debt funding Acorn have access to venture capital funds and funds using the Business Premises Renovation Allowance Scheme. Contact Acorn for a confidential discussion of your proposition and to find out if your scheme is eligible for tax relief.

AcornAdvantage

Acorn can also assist your business in saving money and with short term finance requirements at any time. Through our contacts we have created a new service to help you save on financial products, food & non-food purchasing, insurance and employment law coverage. Click to find out more about AcornAdvantage.

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