Care home purchase, Nottingham
The borrowers are purchasing a vacant care home in Nottingham, that completed before Christmas.
Amount Funded:
£1.5m
PRoduct type:
Residential Bridging
Term:
12 months
property:
Vacant care home
exit:
Refinance
The borrowers are experienced in property and development as well as owning and managing multiple properties, and will be let to a reputable care operator on a long-term lease. The care home has undergone extensive refurbishment, with just the kitchen needing to be fitted to be let in January/February. The care home sits on 1.78 acres of land, with 53 bedrooms that have en-suites and tea stations.
