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Hambros Secured Lending are pleased to announce our latest completion. Hambros provided a £5 million first charge facility to Bricks Silverstone for the development of a 197 room hotel immediately adjacent to Silverstone F1 racetrack.
The new hotel will boast exhilarating views of the infamous International Starting Grid. Operated by Hilton Garden Inn, additional amenities include a rooftop bar, outdoor terrace, restaurant and a state-of-the art fitness centre for a truly immersive racing experience.
Hambros, however had to act very swiftly to provide Bricks Silverstone with the short term facility required in order to meet the anticipated completion date of June 2020.
Robert Whitton, Hambros Chairman said; "we knew this would be a challenge but were very confident in our ability to execute extremely efficient, yet thorough due diligence to ensure we could complete on this landmark deal".
David Travers, CEO added: "with the clients already having started the process of securing a development facility with a strategic partner of ours, we knew that the tenant covenant was strong and we proved ourselves as highly efficient lenders in the market by following the clients urgent timeline and providing them with drawdown on the loan in just 5 days".
Hambros secured lending provide Mezzanine, Second charge and opportunistic first charge funding with a preferred term of 12 months. Minimum loan of 500k and maximum loan of 5,000,000.
For more information, please Contact Us.