The funding package supports three HMOs in Guildford, each let to a long-term care provider supporting residents with learning disabilities, mental health needs and other social care requirements.
The funding has enabled the purchase of two properties, and the refinance and equity release of a third to drive further portfolio growth. The combined value of the loans totals £1,242,400.
“This deal shows how our aligned values and great service are benefitting all parties, with a repeat application and drawdown for this family property business,” said Ian Tudor, regional development manager at Redwood (pictured above).
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“The client is a brilliant example of the professionalisation we are seeing across the private rented and property market and it’s fantastic to support an experienced investor committed to providing quality accommodation for the care sector,” he said.
The application was managed by Redwood’s lending team, led by lending relationship officer James Egerton, alongside Ian, with an emphasis on “clear communication and a smooth completion.”
According to Abigail Webster, property finance consultant at Propp: “This facility has allowed our client to secure competitive pricing across the portfolio and to plan strategically for further growth in the assisted living sector.”
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