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03 October 2016 | Care Mortgages

A new direction for Southlands Court Care Home

Christie Finance, the specialist commercial mortgage broker, has recently assisted first time buyer, Dr Thanweer Farquhar, with raising finance to purchase Southlands Court Care Home in Holsworthy, Devon.

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Registered for 25 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 client was looking to acquire his first home after gaining an interest in the residential care sector through his daily medical role. After an extensive search, he identified Southlands as a great opportunity due to its scope for further expansion.

Gary Boyce, Associate Director at Christie Finance, supported Dr Farquhar with finding the right funding to meet his requirements.

He commented on the deal: “I am delighted to have helped Dr Farquhar acquire his first care home. I am sure he will continue to build on the success of the home and take it forward for years to come. Even though several lenders to the care sector are now consolidating their positions, this deal shows that with the right broker behind you there are still funding avenues that will support the first time care buyers market.”

New owner Dr Farquhar said, “I wanted to thank you for the service that you provided, the speed at which you procured the loan and your continual support throughout the process. It has been a pleasure working with you.”