A bridge facility to acquire a care home site
12-month bridging facility to enable the acquisition of an existing, vacant care home in North London.
We have provided a £9.8m bridge facility to support a repeat borrower with the purchase of an existing 107 bed care home in New Southgate. The borrower is planning to reconfigure and refurbish the existing building to provide first-rate care services.
Gross Loan
£9.8m
Term
12 months
LTV
70%
Units Created
107 beds
Exit Method
Refinance
"This is our second transaction to support a UK wide care home operator with the acquisition of an existing asset which will be refurbished and operated by our borrower once complete."
- Rav Kudhail, Lending Manager
Do you have projects to discuss? Learn more about our Bridging Solutions
Explore Solutions