Commercial Mortgage for Nursing & Care Homes
About the Sector
This sector continues to grow and lenders are very willing to lend to applicants who have experience and a good track record. This may be for a new business start-up, or for an expansion of an existing business.
Re-structuring of an existing mortgage and other business loans is also common, as is capital raising to purchase equipment, or upgrade and/or extend the property.
General Lending Guideline
Properties must be in good order, unless borrowing is required for refurbishment purposes. For property purchase, the correct planning and class of use should be in place. Mortgages can be applied for in a limited company or by an individual.
- Mortgage Terms up to 30 Years
- Up to 75% Loan To Value (or Purchase price)
- Interest only and repayment terms available