Location: Bury St Edmunds, Suffolk

Sector: Later Living

Loan Type: Bridge

Loan Size: £1.90mn

Loan Status: 12-month term (Repaid)

Property Information: Site with planning consent for 72-bed purpose built care home

 

“Few lenders will provide finance on land with just planning, even fewer in the care home sector. Dan is one of the most experienced lenders in the care home sector, which was invaluable to us on this transaction given we were under tight timescales. The combination of Broadwood’s extensive knowledge in the care sector and development & construction resulted in a highly efficient and streamlined process. We are looking forward to working with Broadwood on our future development pipeline in the coming periods.”

— Gary Sharp, Group Managing Director of Simply Care Group UK

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