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From the Ablrate Blog

Care Home Operator / Commercial Property 12/02/2020

This borrower is an experienced operator of care homes.  Ablrate lenders have provided financing to assist the acquisition of the freehold for one of its purpose-built homes in north-east England which has been under its operation with almost 20 years.

Lenders are earning 13% on this amortising loan of £600,000.