Commercial Mortgage for Specialist Day Care Expansion

acquiring two additional properties

Our client operates a specialist day care centre for disabled adults, providing a safe and enriching environment for clients to build skills and engage socially.

As demand grew, the business looked to expand operations by acquiring two new properties. The client, who already owned their current premises outright, was referred to Forecast Finance by a residential mortgage broker who recognised the need for experienced commercial finance support.

With both new sites being sold at auction, the client needed to act quickly. Releasing capital from their existing property was the most practical route, but speed and funding certainty were crucial to meet tight auction deadlines.

We engaged a high street lender experienced in working with care businesses. They offered a commercial mortgage secured against the client’s existing premises. The solution enabled the client to make two cash offers, satisfying auction conditions and significantly improving their chances of a successful bid.

From submission to funds being drawn down, the process took just 9 working days, a timeline that exceeded expectations. The speed of delivery ensured both sites were secured, positioning the business for future growth and expanding their capacity to serve more vulnerable adults in the community.

Throughout the process, the client was particularly impressed with the speed, simplicity, and transparency of communication, and expressed full satisfaction with the outcome.