£1.9M for first time care home buyer

A new care home operator was looking to acquire their first care home.

MAF assisted a new entrant to the care home market with the purchase of a converted 34 bed residential home in East Sussex.

The client had an existing domiciliary care business and were looking for a new venture that would utlise their experience, and provide a good long term investment.

We liaised with a number of bank’s to find the best deal in the market for the client, and delivered a loan facility of £1.925m.

Having taken the client through the funding process we also assisted with the legal and valuation process to ensure a smooth completion of the transaction.

This new operator is already looking for their second home and we will again be asked to provide support.

To find out how we can help your business like we did here, email enquiries@maffinancegroup.co.uk, call 0115 958 6872 or fill in an enquiry form below.