By Frances Ivens2018-12-12T11:33:00
Angelo Gordon and T&B Capital have secured a £7.8m loan from PMM Group Real Estate Finance for the refinancing of The Gara Rock Hotel.
The three year facility, arranged by BBS capital, represents a loan to value ratio of 65% and will allow the owners to “stabilise the asset” following its recently completed full refurbishment.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.