With Just One Hour To Spare AFIG Complete A Property In The Heart Of Liverpool City Centre

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There is no doubt, pubs and other hospitality venues saw tough times both during and post the Covid pandemic, which resulted in a much lower appetite from lenders to fund such acquisitions.

A long term client of AFIG agreed to purchase a vacant bar, with letting rooms above earlier in the year and we commenced with the challenge of sourcing the best available facility. Already and experienced operator, there were few lenders interested and the ones who were offered fairly low loan to value. With perseverance, we secured a cracking facility, based on a hybrid valuation combining vacant value and likely operational value.

The client complimented the whole team at AFIG, singling out the service as “like having my own finance team, who were always responsive and understanding of the urgency”.

Certainly not the most straightforward case in recent times, the seller deadline was met and the client has commenced the refurbishment, with the view of opening the doors very soon.

If you wish to discuss how we can help you and your Bridging Finance needs, do not hesitate to get in contact today.

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