The care home sector, like any other commercial enterprise, requires a flexible and reliable line of finance. Unlike other commercial enterprises, however, loans to fund care homes are usually based on asset value, not business value. In addition, the LTV is often low, so borrowers looking for bridging loans do need to be realistic.
The choice of bridging loan providers willing to lend on occupied care homes is less than that for other commercial assets; this is due to the potential risk to a lender’s reputation should they find themselves in a position where repossession or eviction is a possibility.
Finance Brokers With Access To The Best Lenders
The good news is that whether you require funding for your expanding care home portfolio or to carry out a care home refurbishment, our specialists have over a decade of experience in brokering bespoke bridging and development funding.
Our in-depth knowledge of the bridging loan market and exclusive access to lenders who are happy to lend in this space means we can always find the right funding for any project.