| Fiduciam provided Hustyns Resort in Cornwall with a £1.2 million loan to invest in the hotel, including a restaurant refurbishment and glamping offering. These additions helped further diversify the resort’s offering, as well as maximise income during the peak summer months. The principal is an experienced hotelier and has operated a series of hotels in both the United Kingdom and the United States. The two-year bridging loan allowed time for accounts to be established before the borrower refinanced onto a term product with a commercial lender. Ravi Gupta of Hustyns Resort commented: “The loan from Fiduciam means that we can not only weather this latest lockdown, but we can make the investments we want into our resort and know that our business’s future is secure.” |
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