news updates.
WSpecialist healthcare finance brokers David Stephen Partners, are delighted to announce the purchase of Thornbury House in Southampton.
Our client is a successful operator of Care Homes for people with Learning Difficulties and this purchase represents a significant step in the expansion of their operations.
Thornbury House is registered for 6 service users in an extended and appealing Victorian property set just outside Southampton city centre.
David Burrows, Partner at David Stephen Partners, said of the purchase;
‘By utilising our extensive relationships with a range of lenders we were able to arrange funding on this home for our client. He was able to take advantage of a facility that allows him to enjoy the full benefits of today’s low interest rate environment. Indeed, we had the option of fixing the funding at a very attractive sub 5% fixed rate deal but our client decided to stay with the variable rate for the time being to take advantage of Base Rate, at its current historic low’.
David Stephen Partners are specialist Healthcare Finance Brokers and can assist you in sourcing funding within the Care Sector. You can call us on 0208 362 9700.
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