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29 April 2016 | Care Mortgages

New lease of life for Allambie House Care Home

Christie Finance, the specialist commercial mortgage broker, has recently assisted Mr Sameer & Mrs Shabana Rajwani with raising finance to purchase Allambie House Residential Care Home in Coventry.

Registered for 30 residents the Care Home is well established in the local area the business came onto the market after the previous owners decided to leave the sector to explore new avenues and instructed Christie & Co to sell the business.

Our clients were looking for a care opportunity to jointly manage and take forward. They considered various care businesses around the country before deciding that Allambie House Care Home was exactly the type of business that they were looking for.

Stuart Pawelczyk, Associate Director at Christie Finance, supported Sameer & Shabana with finding the right funding to meet their requirements. Stuart received offers from multiple lenders to support the purchase but after some specialist brokering was able to get a competitive facility through a specialist lending team at a High Street bank.

He commented on the deal: “I am delighted to have helped Mr & Mrs Rajwani re-enter the care sector with the acquisition of a care home that has performed well in recent years. I am sure they will continue to build on the success of the home and take it forward in the years to come.”

In the Midlands, Christie Finance and Christie & Co has seen growing competition between buyers for the limited opportunities coming to the market. This makes it more essential than ever to have discussed all your available finance options, so you know you can bid with confidence when these care opportunities come to market.