Blackfinch Property provides development loan to transform building into four-star hotel.
Loyola Hall, situated in Merseyside Liverpool, has undergone extensive renovations to become a hotel with nearly 50 bedrooms available for guests. The hotel also operates as a wedding venue, with its picturesque 17-acre site helping to set the perfect scene.
Loyola Hall is a Grade II-listed period property, with a large, modern extension that was built in the 1960s. The initial building was completed in 1824 and we believe the renovation will put something old to good use again.
The hotel will offer guests an on-site restaurant, spa and gymnasium. We are looking forward to working with the developer to celebrate the building’s heritage and history.
Blackfinch Property demonstrated commerciality throughout the deal, as it was highlighted in the due diligence report that there was a claw-back mechanism in place in favour of the seller.
Blackfinch’s in-house legal team ensured that the legal documents behind the claw-back were recognised and that they identified any financial impacts of the clause which could come into effect, meaning there were no delays in the completion date.
Blackfinch Property is a fully funded provider of innovative short-term bridging and development financing solutions. For more information contact [email protected].