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Mortimer Street Capital completes £1.4m care home purchase via dual bridging facility - The Intermediary - Latest UK mortgage news

Summary by theintermediary.co.uk
Mortimer Street Capital has arranged a £1.4m care home purchase in Kent with funding from two lenders, TAB and LendInvest. The client wished to purchase a 30-bedroom care home in Margate and Mortimer Street Capital arranged for TAB to fund the acquisition bridge, while Lendinvest provided a regulated bridging facility on a residential property, which was formally the clients residence. Both were 12-month terms with the refinance of the full care…
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