Chandler & Co are delighted to support Tonbridge Care Ltd in the recent development of Tonbridge Lodge

Posted on August 6, 2015
Archive : August 2015
Category : News

Care provider Tonbridge Care Ltd has successfully completed on the refinance of their 32 bed Care Home, Chestnut Lodge which was a former hotel. The Care Home opened in June 2013 and is currently trading as a 32 bed all single, en-suite home. The recent refinance will enable the home to add a further 21 single en suite bedrooms. There is already a waiting list for when the extension is opened!

Mark Hickman of Chandler & Co secured funding on behalf of Tonbridge Care Ltd at 1.8% over base with no arrangement fee. The transaction was completed within 8 weeks of receiving the loan offer. He commented, “It was a pleasure to work again with Krish and his team and we very much look forward to working with them in the future.”

Dr Satkunam is a highly experienced operator. He is director of Tonbridge Care Ltd which owns and operates 4 Care Homes and 3 children’s day nurseries. He commented “It was excellent to work with Mark and Liz and great to smoothly progress another transaction. Thanks for all your help.”