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Greek business loans/mortgage
Legacy_user
Posts: 0 Newbie
in Loans
I am looking for some advice on raising some money to purchase a bar with living accommodation on a Greek Island. I am planning to re-mortgage my house to get just over 50% of the total cost of the bar, and was hoping to get a loan and/or mortgage on the bar for the rest of it. I have been looking around for this type of mortgage but unfortunately am having no luck, as no English/European bank seems to want to help with the finance.
The other issue, which may cause a problem, is that this is a leasehold property with a 10-year lease, but I am told this is common on amongst the Greek Islands.
Has anyone had any experience with business loans for businesses on the Greek Islands?
How would I go about raising the rest of the money for this bar? I can provide the business accounts to prove that the bar makes enough money to pay a loan, and the property/business is valued at the correct price.
I would so appreciate your help on this, and there is a beer on the house for the first person that can help me!!!!
The other issue, which may cause a problem, is that this is a leasehold property with a 10-year lease, but I am told this is common on amongst the Greek Islands.
Has anyone had any experience with business loans for businesses on the Greek Islands?
How would I go about raising the rest of the money for this bar? I can provide the business accounts to prove that the bar makes enough money to pay a loan, and the property/business is valued at the correct price.
I would so appreciate your help on this, and there is a beer on the house for the first person that can help me!!!!
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