ASK lends £12.75m against London hotel
Real estate funding specialist ASK Partners has lent £12.75m against a freehold boutique hotel in Soho.
The property is a 20,000 square foot freehold boutique hotel on Warwick Street.
Karma Sanctum Soho has 30 bedrooms, a cinema room, restaurant and rooftop bar.
The freehold to the hotel has been acquired as an investment property by a private client.
Daniel Austin, co-founder and chief executive of ASK Partners said: “This is a great investment site in a very strong location that we were delighted to help fund.
“A key requirement on this deal was speed of execution, and thanks to a combination of our dynamic and flexible capital base and streamlined credit process we were able to meet the timelines even during a national lockdown.”