Development Loan for purpose built Care Home in Sevenoaks

Posted on July 26, 2016
Archive : July 2016
Category : News

Mr & Mrs Guram and the team at Manordene first used Chandler & Co in 2011 for the funding to build their purpose built care home in Sevenoaks. Now with trading history it was appropriate to refinance the debt of this quality purpose built nursing home to a more competitive funding package.  

Steve Jenner, partner at Chandler & Co commented “It has been a pleasure to work with Mr & Mrs Guram again with this refinance. We have remained in contact since originally arranging the development funding five years ago. Manordene is high quality nursing home in a great area that any owner would be proud of."

Mr & Mrs Guram said, “In 2011 we bought a five-bedroom house with a view to demolishing it and built a nursing home. Soon after that we realized that none of the banks were willing to finance our development project.  Chandler and Co. came to our rescue and managed to secure a development loan for our project.”

 Two years later, without three years of trading history, Mr & Mrs Guram knew it would be difficult to obtain funding to convert the development loan into a trading facility.  “We approached Chandler and Co, and for a second time, they helped us to secure a trading loan. Over the last five years, Chandler & Co have been a pleasure to work with.  Their help and support has been invaluable and they are a great choice for businesses like ourselves.”