At Blackfinch Property, we continue to support developers nationwide with financing solutions for residential and commercial projects. We have now extended our reach to Scotland, completing a loan there, which is a first for Blackfinch Property.
We’re pleased to be working with a successful and longstanding leisure group in Glasgow, providing the bridging finance for one of its restaurants. The business is a seafood restaurant called Rogano situated in a prime location in Glasgow city centre.
Rogano has an art deco feel and is set over two floors with an external seating area. Oysters and champagne are key features of its menu, however it also offers a café menu in its downstairs, which includes afternoon tea.
The restaurant has an unrivalled reputation with a history dating back over 80 years. The owners also run other successful businesses within Glasgow city centre, and Rogano has been under their management for 11 years. The loan will enable the owners to support the continued successful running of Rogano as an independent outlet operating among many newer restaurant chains.
We’re very excited to be moving into lending in Scotland with such a reputable business. Blackfinch Property has now set up its due diligence process and finance documentation to facilitate further lending in Scotland. The team has performed its own due diligence at the site, including dining at the restaurant and meeting all the key people involved in its operation.
With an increased headcount and lending targets Blackfinch Property is strongly positioned to continue supporting ambitious developers across the UK. We look forward to further expanding, diversifying and building other new relationships in the North.
For more information on what we offer, please see www.blackfinch.com