Midlands care group refinanced with help from Christie Finance

0
18

safe-harborChristie Finance, the specialist commercial mortgage broker has recently advised on the refinancing of Resimed Ltd, an established care group trading as Safe Harbor Residential Care Homes.

The Group own and operate six care homes offering high-quality residential care, nursing care and specialist dementia care services.

Following a successful introduction by sister company Christie + Co, Christie Finance were instructed to restructure the portfolio whilst refinancing existing facilities with three different lenders, as well as releasing capital for a new development project. Stuart Pawelczyk, Finance Consultant at Christie Finance acted on behalf of the Group and presented a highly competitive solution through a specialist lending team of a High Street Bank.

Christie Finance won the instruction after securing exceptional lending terms for the transaction, as highlighted by a rate of 1.25% Over Base Rate, overcoming strong competition from the Groups existing lenders. Stuart was able to negotiate favorable discounts on Day to Day Banking facilities, adding further value to the transaction for his clients.

William Morris, Managing Director at Resimed Ltd, says: “Following our request for assistance in refinancing our portfolio we were successful in negotiating highly competitive terms, thanks to the expertise of Stuart Pawelczyk at Christie Finance. Stuart managed the process from start to finish and was an exceptional advocate for the business.”

Stuart Pawelczyk, comments: “This transaction is a great example of how instructing a finance professional that has a detailed understanding of the Healthcare Sector results in not only the right outcome, but a highly competitive funding package and hands on deal management from enquiry to completion. By being appreciative of what the lenders look for in the sector we are able to structure bespoke solutions for our clients. Needless to say, Resimed Ltd and I are delighted with the outcome of this transaction and we look forward to working together again in the future.”

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.