Case Study – Commercial Finance for a Residential Care Home in London - March 13, 2018

Area: London

Loan amount: £350k

Residential Care HomeOur client ran a residential care home in London, he was currently leasing the premises when the opportunity to purchase it came up. As a good trading business was already operating out of the property the affordability was no issue, however most commercial lenders are not happy to lend against care homes due to the potential reputational damage if they had to repossess. We were able to secure an excellent rate for the client and a desirable LTV of 70% across a 15 year term.

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