Care

Development of new 119-bed care home.

30-month development facility to assist with the conversion and refurbishment of an existing care home in North London. 

We have provided a £23.6m development loan to support a repeat borrower by funding the conversion and refurbishment of a vacant purpose built care facility into a 119-bed care home.

This development loan follows the provision of a £9.8m bridge facility, which facilitated the acquisition of the site earlier in the year.

When complete, the home will provide a much-needed care facility in an area where demand currently exceeds supply.

Gross Loan

£23.6m

Term

30 months

LTV

70%

Units Created

119

Exit Method

Sale

Residential

We specialise in providing tailored loan solutions for professional residential property developers. We offer choice and value, including variable and fixed rate options up to 70% LTGDV on loans between £3m to £40m. Our team of property professionals are expert in structuring the right finance solutions for your project – whether you have land with planning, are undertaking a permitted development, or are converting an existing building.

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