Shawbrook completes £1.8m loan with Brightstar

17 February 2012 | By Tessa Norman

The loan was for a hotelier who wished to refinance an existing hotel in his portfolio in order to fund the purchase of another hotel, and was granted a 70% part capital repaid loan over a 20-year term.

It took 19 days for the application to complete.

Stephen Johnson, new business director at Shawbrook, says: “This case indicates how specialist brokers can really make a difference in helping SMEs achieve their business objectives. 

“Understanding the complexities of commercial transactions is absolutely vital and Brightstar’s experience and expertise was key in progressing the application quickly and efficiently.”

Kit Thompson, director of Brightstar Financial, adds: “Our excellent working relationship with Shawbrook and our specialised team of advisers allowed us to quickly complete  our client’s deal.

“We look forward to continuing to work with Shawbrook in future in serving our introducers and business clients.”

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