02 June 2017 | Care Mortgages

Christie Finance helps expanding Swansea care operator

Christie Finance, the specialist commercial finance broker, has recently assisted with the refinance of four care homes to aid in the development at one of the sites for Plas Newydd Care Ltd, a care operator in Swansea.

Mrs Yolanda Jones, trading as Plas Newydd Care Ltd, bought her first care home in 1988 and through continued investment has developed an excellent reputation within the local care community. John Mitchell, Director at Christie Finance, refinanced Yolanda’s existing debt facility to a new lender on considerably improved terms and provided sufficient capital to complete an extension project at Brynhyfryd House. Upon completion of the works, Bryhyfryd House will have a registration of 45, giving Plas Newydd Care a total of 122 beds across the four homes.

John comments, "Finding the best finance facility to aid development of a care business can be a difficult task especially as we have seen several lenders tighten their offerings in the last 18 months.

At Christie Finance, we have an abundance of experience and unparalleled banking contacts to ensure our clients secure the best possible funding deals and I am delighted I could help Plas Newydd Care expand their already successful business."