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
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.
Read moreWe have extensive experience in providing finance solutions for care home developers and operators. Our facilities are structured to support every stage of your care home development project, from acquisition, development and stabilisation of the asset.
Read moreWe recognise the importance of fast decisions and approvals for short-term financing requirements that will enable you to act quickly. As a specialist lender, our team of lawyers, surveyors, and credit experts can craft custom and transparent lending solutions for property acquisition, planning gain, and developer exit. You also have the benefit of being able to leverage our development finance expertise for longer-term finance requirements.
Read moreWe specialise in providing lending solutions that can be customised to meet the unique needs and requirements of build-to-rent projects. We offer competitive variable and fixed rate options and terms, which will ensure optimisation of the project's financial performance and return on investment.
Read moreWe work with professional developers of PBSA schemes across the UK, providing customised finance facilities that align with the unique requirements of PBSA development and support build programmes to meet academic intake dates.
Read more