An investor contacted us regarding the first-time purchase of a pharmacy, which was a leasehold valued at £1m.
Leaseholds are typically more difficult to fund than freehold premises but, using our wide range of funders, we arranged a commercial loan of £850k at 85% LTV for the customer.
Obtaining funding for a first-time buyer can also be complex as funder appetite regularly changes in the healthcare sector.
However, our specialist healthcare division handled the deal every step of the way and structured a bespoke package that worked best for the client.
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