6/2/2015 | Care Mortgages

Midlands care group refinanced with help from Christie Finance

Christie Finance, a specialist commercial mortgage broker has recently advised on the refinancing of Resimed Ltd, a Care Group trading as Safe Harbor Residential Care Homes. With over 26 year’s experience, the management at Safe Harbor pride themselves on offering a highly professional care service for the elderly.

The Group owns and operates six care homes offering residential care, nursing care and specialist dementia care services. The Group was assessing both their existing portfolio and plans for the future and following a successful introduction by 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. Using Christie Finances’ expertise in the sector, Stuart was also 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 commented, “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, Finance Consultant at Christie Finance said “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.”