Aquilae Capital Secures £3.2m Funding for London Hotel
Aquilae Capital has completed a £3.2 million loan against a hotel in London, provided via a family office.
The loan was secured against the hotel’s Open Market Value (OMV), with Aquilae Capital approached by the client shortly after the acquisition, following significant capital expenditure on improvements to the property.
Matthew Yassin, Managing Director at Aquilae Capital, commented:
“Our team is highly active in this asset class, which requires a thorough understanding of the underlying trading model. Our client required a technical loan against the trading value of the asset, allowing it to benefit from a period of stabilisation prior to securing longer-term funding. As always, knowledge and delivery are key, and that is exactly what Aquilae provided.”
LTV - 70% (OMV)
Loan - £3.2m
Lender - Mera Investments Limited
Asset - Hotel