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18 January 2016 | Care Mortgages

Christie Finance source funding for Alston Court Care Home in Devon

Christie Finance, has recently assisted Mr Simeon Ramsden with raising finance to purchase Alston Court, a learning disability care home in Devon.

Christie Finance, the specialist commercial mortgage broker, has recently assisted Mr Simeon Ramsden with raising finance to purchase Alston Court, a learning disability care home in Devon.
 
Our client, Mr Ramsden, was looking to pursue a new business opportunity after leaving his position as Partner & Managing Director at The Community of St Antony and St Elia (COMAE), a Devon based organisation working with people with mental health conditions in the local community.
 
After being declined funding from his own bank, he sought Christie Finance’s assistance due to their expertise in the Care Sector. Stuart Pawelczyk, Associate Director at Christie Finance, quickly assessed the transaction and was able to acquire a competitive commercial mortgage to secure the care home for Mr Ramsden.
 
Commenting on completion of the deal, Mr Ramsden said “Thanks for all your help, I know it wouldn't have been possible without you packaging it and selling it to the lender”
 
Stuart said “We are delighted to have assisted Mr Ramsden in the acquisition of Alston Court, a highly successful care home in Devon. After being declined by my clients existing bank, I’m delighted we were able to secure market leading terms from numerous lenders, the most competitive of which came from his own bank! Finally I’d like to wish Mr Ramsden the best of luck at Alston Court, an experienced operator who will undoubtedly be a huge success.”