A number of prominent lenders are involved, offering competitive and flexible healthcare funding packages.
The provision of healthcare finance facilities for residential care homes and nursing homes in the form of commercial loans and mortgages is a sector that has grown considerably over the past 25 years.
Some lenders even have dedicated healthcare teams, set up to deal with intermediaries involved in sourcing funding for their clients.
Whether for the purchase of a first care home, or for multiple care home operators, excellent healthcare funding facilities are available, with repayment packages designed to offer the maximum flexibility in respect of length of loan, repayment terms, interest rate, and a commitment to fund future acquisitions/developments in respect of experienced operators.
Funding is typically available for up to 80 per cent of the purchase price or valuation, although 100 per cent funding is available for new purchases for experienced operators with one or more existing units.
The same healthcare funding options are available for additional developments of existing unit or start-up situations.