7/14/2020 | Care Mortgages

Experienced care operators purchase a further two care homes in the North West with the help of Christie Finance

Kim and Phil Rogerson, well established healthcare professionals, have purchased Abbotsfield Residential Care Home in Barrow-in-Furness and Greenlane House in Brampton, both Cumbrian towns. Funding was successfully secured by specialist commercial finance broker, Christie Finance.

Abbotsfield Care Home is a converted care home occupying an impressive site on Abbey Road in the Cumbrian town of Barrow-in-Furness accommodating 26 residents, set over four floors, surrounded by manicured gardens and complete with ample parking for visitors. The home was last rated by the CQC in 2018 achieving a ‘Good’ rating.

Greenlane House is an exquisite residential care home for the elderly, accommodating 28 residents, spread across two floors with bedrooms on both floors. The home has potential for future development and expansion with planning permission approved for a two-storey extension which would create an additional 19 en suite bedrooms.

In 2009, Kim and Phil purchased their first home, Knowle Care Home in Preston and further proceeded to acquire Kingsfield Residential Care Home in Barrow-in-Furness in 2012 and Norton Lodge in Runcorn in 2016.

Kim and Phil are highly experienced care home operators who are heavily involved in the running of their existing homes on a day to day basis. Their key objective is to provide the highest quality of care to their residents, which they consistently achieve in all of their homes by implementing the correct procedures and processes. The purchase of Abbotsfield Residential Care Home is particularly complementary to their existing portfolio, with this home being located directly opposite Kingsfield Residential Home.

Commenting on their recent acquisitions, Kim says “We would like to take this opportunity to thank Alena who went the extra mile to secure the funding for these purchases. In addition, Alena provided more support than was asked for, but gratefully received, as the COVID-19 situation threatened the deals completing. We look forward to working with Alena and Christie Finance in the future.”

Alena Ray, Senior Finance Consultant at Christie Finance worked with Kim and Phil to secure funding. She comments, “It was a pleasure working alongside Kim and Phil to secure finance for their two care home acquisitions. Kim’s involvement in the day to day running of the existing care homes has ensured that she has a finger on the pulse, enabling her to adapt to the ever-changing care sector with new rules and regulations being continually implemented. In recent times, trying to secure funding for smaller care homes has been incredibly challenging however, I am delighted to have delivered a funding solution that has enabled my clients to expand their business and continue providing an exceptional level of care.”