10 August 2017 | Care Mortgages

First-time buyers for Pinglenook Care Home in Loughborough

Specialist business property adviser, Christie & Co has brokered the sale of Pinglenook Care Home in Barrow Upon Soar, Loughborough with funding secured through specialist commercial finance broker, Christie Finance.

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This long established residential care home is registered for 16 residents and benefits from a 'Good' rating from the CQC. The business has been consistent with stable occupancy levels evident over a number of years.

The new owners, Mr Rajendran and Mrs Jayasekhar, are first-time buyers in the care sector but have experience in providing care and in property management.

Nick Greaves, Business Agent in Christie & Co's Nottingham Office who brokered the sale comments, "This is a great acquisition for new entrants to the care sector, Pinglenook Care Home is a profitable, management run business with a excellent reputation.’’

Competitive funding was secured through a challenger bank with Stuart Pawelczyk, Associate Director brokering the most suitable funding package to meet the client's needs.

Stuart comments, "Pinglenook is a great opportunity for Mr Rajendran and Mrs Jayasekhar to purchase and will give them the perfect base to enhance their management experience further within the care sector. We wish them the best of luck in their plans.

At Christie Finance, we continue to support both first-time buyers and experienced existing operators in the care sector to arrange the funding they need to meet their needs. We look forward to meeting previous, existing and future clients at the Care Show in October at the NEC Birmingham."