Drinking Hotel

Purpose: For acquisition of or improvements to drinking hotels.

Maximum Loan Amount:

Freehold (with gaming): up to 65%Freehold (without gaming): up to 50%

Leasehold (with gaming): up to 50% of going concern valuation by a bank instructed Valuer.

Max. Loan Tern:

Freehold: 5 years

Leasehold: 5 years

Security:

A registered mortgage over hotel property (or lease, if leasehold).

Registered Fixed and Floating Charge or Bili of Sale over the business assets of the hotel. Directors’ guarantees.

A specific charge/security over the hotels’ liquor license and, where appropriate for state legislation, related licenses for gaming or off-license packaged liquor operations (not applicable in WA and SA).

A Deed of consent between lessor/ lessee and Westpac if the hotels operating under the leasehold arrangement.

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