Care
Residential conversion of a former nursing home
18-month loan to facilitate the conversion of a 32-bed former nursing home into a purpose built 38-bed HMO.
We have provided a £3m gross loan to transform a nursing home and deliver a 38-bed purpose-built HMO in Bognor Regis. The scheme has been skillfully configured to reduce the number of occupants, and each HMO will have a private bathroom. Upon completion, the local council will lease the development.
Gross Loan
£3m
Term
18 months
LTV
55.9%
Units Created
38
Exit Method
Refinance
Loan Solutions
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 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 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 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.
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