We facilitated our final loan of 2024 to support a comprehensive remarketing and rebranding initiative for a care home foundation. This financial support was crucial as they navigated significant organisational changes, ensuring their ongoing stability and security.
All three properties owned by the foundation underwent a thorough desktop valuation, which included a detailed analysis of their market values and conditions. This evaluation confirmed they met the necessary criteria to support the loan request.
The transaction was completed efficiently, with all required documentation received within 24 hours of the legal instruction. Remarkably, the entire loan process was finalised in just four working days, completing at 9:20 p.m. on Christmas Eve. This six-month short-term loan of £340,000 had a competitive loan-to-value ratio of 53%.
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