The third-generation owners of a pioneering residential care home in Tyne and Wear have acquired a second property thanks to seven-figure funding from Unity Trust Bank. Jack and Grace Jenkinson took over 23-bed Lenore Care Home in Charles Avenue, Whitley Bay in 2019 when Grace’s parents put it up for sale. The home caters for […]
British Business Investments today announces it has committed £15m to Roma Finance, a North West based independent lender which specialises in property finance. This investment from British Business Investments will help increase access to finance for smaller scale housing developers. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to increase […]
The private equity team at Foot Anstey LLP reported a record level of activity for 2021, completing 30 private equity backed deals in the calendar year, despite continued turbulence and uncertainty. Highlights during this exceptionally busy period saw the team strengthen existing relationships with private equity firms August Equity and Livingbridge, and their portfolios, and […]
Pluto Finance has announced a total of £158m of funding over the last six-weeks. Completing a total of £61m of stretched development loans across Brent, Essex and East Sussex, Pluto’s Stretched Development funding is now back to a maximum of 90% LTC / 75% LTV. A further £22m of Senior Development funding was agreed for […]
365 Business Finance has successfully completed a £55m debt and equity raise, as the fintech lender aims to quadruple its lending to SMEs over the next two years. The London-based provider of revenue-based finance has already seen significant growth in demand, with demand more than doubling from pre-Covid levels. 365 Business Finance’s proprietary technology platform […]
Specialist business property adviser, Christie & Co, has announced the sale of Kington Court in Kington, Herefordshire, to Rotherwood Group. Established in 2003 by former owner, Blanchworth Care, Kington Court offers residential and nursing care to older ladies and gentlemen. The business has sold to award-winning healthcare provider, Rotherwood Group, taking its portfolio to a […]
A historic Brentwood country estate once used by Sir Winston Churchill as a weekend retreat is undergoing a £27m transformation into a new luxury development. Investment group Propiteer Ltd is developing 39 homes across the 72-acre Brizes Park site, with the scheme set to complete in August 2022. The estate was most recently used as […]
West One Loans buy-to-let division has made a raft of positive changes to its product criteria, reducing rates and launching new products. The shake-up of products comes into effect from today [24th January], and some of the key highlights include an increase in maximum loan size and portfolio lending, and 15-basis point reduction on certain […]
Commercial Expert Ltd and Shawbrook Bank have completed a £337,500 commercial loan for a Northeast Property Investor looking to expand their extensive property portfolio. The deal was referred to Commercial Expert from Suzanna So at Secure Commercial Finance after the client had been declined by another lender during the legal stage due to the property […]
Natural wool sleeping products and homeware company Woolroom has unveiled plans to expand internationally following funding from Santander UK. Santander UK has provided the Rutland-based business with a six-figure funding package to support its plans to increase sales in the US. The package includes foreign exchange support, and the bank has provided Woolroom with international […]
