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Care Home Sector Case Studies A Care Home owner responded to our advertising seeking urgent financial assistance. A recent CSCI inspection left the home with a poor rating which meant that an embargo was placed upon new residents until the re inspection revealed marked improvements. We were able to refinance existing borrowing and free up sufficient monies to undertake vital capital expenditure to the premises. Upon re inspection the new resident embargo was lifted and the business is now trading very profitably at 90% occupancy. We were introduced to another Care Home owner who wanted to purchase a competing home nearby that was being sold. Whilst the owner did not have any cash to put towards the purchase, we were able to structure funding whereby equity within the existing home was used as the deposit for the purchase, and 80% funding was arranged on the new home. The Bankers of another Care Home were pressurising the client into a restructure program at considerable cost to the client due to temporary low occupancy levels. The catch 22 was that significant spend was required to the premises and the appointment of a new registered Manager that would enable new residents to be placed. We rapidly secured a refinance package that repaid the existing Bankers in full and freed up the necessary capital expenditure as well as working capital. We were able to secure 25 year monies with the first 36 months interest only. Back to Home |