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03 March 2016 | Medical Mortgages

Christie Finance assist new owner of Kidmans Surgical Chemist

Christie Finance, the specialist commercial mortgage broker, has recently assisted Mr Amar Johal with raising finance to purchase Kidmans Surgical Chemist in Bedford.

Our client, a pharmacist with over 20 year’s experience, was delighted to acquire a quality business that has been established for over 50 years. The pharmacy was put on the market after the previous owner decided to sell to fund retirement ambitions.

Craig Dickson, Director at Christie Finance, aided and advised Mr Johal with arranging competitive funding for the acquisition. Using Craig’s knowledge of the Pharmacy Sector, and connections with specialist lending teams, he was able to secure over 75% LTV through a High Street Bank.

Commenting on the deal; Craig said “It is always very rewarding to assist an experienced operator such as Amar. His high level of experience was always going to be a key factor in our search for funding; the key differentiator was how we highlighted it in the right way to the right lender.”

Amar will be managing the business with a full time pharmacist supporting day-to-day running of the chemist. This deal is one of a number of pharmacy transactions currently being handled by Christie Finance.