Travel Joy Hostels
Bridging Finance
The loan was used for two projects; the first to help purchase the commercial property and the second to further invest in Travel Joy Hostels, the busy tourist hostel business.
Established in 2009, Travel Joy Hostels Chelsea is housed in a large Victorian end-of-terrace building in the City of Westminster, overlooking the River Thames. Previously a troubled pub, Senan has turned the business into a thriving tourist hostel providing safe, cheap accommodation with a focus on excellent customer service.
£475k
Amount Lent
19 Months
Loan Term
61%
LTV
The funding has enabled Senan to further invest in the beautiful periodic building, improving standards of the hostel, which has boosted employment and tourism within the local community.
We have also helped him to make a shrewd investment by purchasing the commercial property.
“I am happy that the investors have supported my small, award-winning private hostel by funding this loan very quickly. Assetz Capital were easy to deal with and I would recommend peer-2-peer lending to any business that requires funding.”