The Shrubbery Care Home
Bridging Finance
The loan allowed the couple to buy out an existing private investor, including fees and a 2-month interest buffer, who had provided a short-term loan.
Mr and Mrs Sandhu have owned and run the profitable care home, The Shrubbery, for over 20 years. The 28-room, CQC registered home specialises in supporting residents over 65 with dementia and mental health conditions.
£700k
Amount Lent
14 Months
Loan Term
70%
LTV
Their son Gurtak, an economics graduate, manages the day-to-day business operation and worked closely with Assetz Capital on the deal. The loan has given them the ability to repay the private lender and provide working capital into the business.
“Assetz Capital were very helpful in allowing us to achieve our goal to get the appropriate funding and making sure the business could move forward without having crippling monthly interest payments. I would recommend Assetz Capital, they have been good to us.”