CHRISTIE FINANCE REAL ESTATE: BRIDGING FINANCE SECURED FOR EXISITING CARE HOME OPERATORS
Independent Finance Broker, Christie Finance Real Estate, is delighted to announce the successful completion of a care home bridging deal for existing clients.
Maesteg House based in South Wales, is an 11-bedroom residential care home. The property reached practical completion in 4 weeks in May 2024.
Dr Neelanjan Bhaduri of Maesteg House comments, “I have been liaising with Christie Finance for more than six years now. Recently in May 2024 Alex McMillen helped me secure a bridging loan. He was on it and ensured the deal went through. Alex did an excellent job and was available whenever I needed him.”
Alex McMillen, Finance Consultant at Christie Finance, comments, “With a tight deadline to release equity for working capital, we approached one of our go-to funders to ensure the deal was done in time. The property is in great condition enjoying a prominent position in the town and ideally situated on a main road with easy access links. Due to the high LTV, the client requested, we approached a Commercial Bridging lender who were able to lend 70% LTV and can move at speed to get the deal done within the deadline. I’m really pleased with the outcome to help my client, and we are now working together on a new property purchase.”
Ram Kakar, Director at Christie Finance Real Estate, comments “We are extremely pleased to have supported Dr Bhaduri & we appreciate the trust he put in us to deliver this bespoke facility for him.”
John Mitchell, Managing Director at Christie Finance, comments, “It’s always a pleasure supporting clients who have utilised our services time and time again and I wish Dr Bhaduri every success in the future.”
For further information on this press release, contact:
Niamh Toman
Junior Corporate Communications Executive
M: +44 (0) 7768 646 984
E: Niamh.toman@christie.com
Contact the brokers:
Alex McMillen
Finance Consultant
M +44 (0) 7756 875 221
E alex.mcmillen@christiefinance.com
Ram Kakar
Director
M: +44 (0) 7764 241 349
E: ram.kakar@christiefinance.com
John Mitchell
Managing Director
M: +44 (0) 7974 265 259
E: john.mitchell@christiefinance.com