Commercial mortgage broker Christie Finance has reported a rise in the amount of funding secured for its clients in the pub and hospitality industry this year, despite the economic slowdown.
So far this year, the sister company of property agents Christie & Co has secured £65m of funding for its clients in the hospitality and pub sectors, despite many lenders tightening their criteria.
The figure is an increase on the amount secured for the same period last year and Christie Finance believes the figure is expected to rise during the rest of the year and into next.
Sue Dougal, Managing Director of Christie Finance said: “The current market conditions have certainly had an impact on the lending market and, as a result, more and more buyers and operators are seeking specialist independent advice rather than remaining loyal to their existing lender.
“We are able to increase our clients’ chances of securing finance because we understand what the lenders need and are able to present a structured and professional business case to them on behalf of our clients.”