Bridging

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.

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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

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