Commercial Finance Brokers (UK) (CFBUK) was approached by clients who operate 3 care homes. These care homes specialise in the care of children with learning disabilities and challenging behaviour. The clients’ intention was to purchase another home to enable them to care for more children. They had found a property, currently a four bed detached house, they wished to purchase.

Our client sought finance to assist them with the purchase of the property. The new premises cost £322,000 and the clients had £96,600 in cash (70% LTV) requiring CFBUK to finance the £225,400 balance to be secured against the property

The clients’ business showed strong turnover and solid profits, the loan term sought was 15/20 years.

CFBUK rose to this challenge and helped the client to raise the funds required using their expertise and knowledge of the market.

CFB achieved full amount required at Bank Base + 2.75% over the loan term required.

CFBUK Case Study 2 - Business expansion