Funding 4 Healthcare

Business/Property Type Nursing Home Residential Care Home Specialist Nursing Home Units Private Clinics	Loan to Value % Up to 75% of Market Value Up to 100% funding can be considered with additional security.	Interest Rates From base rate + 1.5%	Loan Term Up to 20 years can be considered.
Comments Accounts not always required Valuation or specialist business appraisal commissioned by us Additional information required. - C.V. on each applicant. - Asset & liability statement. - 6 months bank statements. Size of home and single room ratio are relevant to the type of funding considered. Special schemes are available - Please contact us to discuss.



1. RESIDENTIAL CARE HOME - NO ACCOUNTS The Question: Could we arrange funding for a client to purchase a residential care home with no up to date accounting information? The Proposal: We were asked to assist our client arrange funding to purchase a freehold residential care home which was arranged as 11 single rooms and 2 twin rooms and was being purchased from a healthcare company who were selling off a number of their homes. Our client was intending to continue her full time occupation as a Ward Sister and to run the care home under management. The Requirement: A loan of £270,000 was required to complete the purchase of the residential care home. The Solution: Having carried out a business appraisal we quickly arranged funding of £270,000 which equated to 90% of the Property valuation and 75% of the Market valuation. The Benefits: The client was keen to retain her existing occupation and run the home under management and we were able to source a lender who was prepared to assist on this basis. In addition the vendor company had not prepared any audited accounting information for the previous 2 years and we were able to negotiate with our lender to proceed on the basis of management accounts together with projections for the clients first year for trading.

2. NURSING HOME EXPANSION The Question: Could we arrange funding to enable a client to carry out an extension to her existing nursing home? The Proposal: We were introduced to a client who had successfully run a 22 bed nursing home for 5 years. She now wished to carry out an extension to the property and increase the registration to 30. In addition she wished to restructure her existing funding arrangements onto a longer term basis at a more competitive rate of interest. The Requirement: Our client required a total loan of £375,000 to carry out her proposals. The Solution: We were able to arrange funding of £300,000 to carry out the restructuring of her existing financial arrangements whilst at the same time arranging a further £75,000 on a staged payment basis to carry out the extension to the home. The Benefits: We were able to arrange finance at an interest rate of 2% over base rate. In addition the facility was structured so that the improvement works were funded on a staged payment basis as the work was being carried out.