We are pleased to provide details of some of our recent activity as well as noteworthy news items within our trade sectors. For further details on any of our news please contact us firstname.lastname@example.org
Pressbeau opens the New Meppershall
We were delighted to attend the opening of the New Meppershall Care Home in Bedfordshire yesterday.
The home, which is the latest acquisition by Pressbeau, operators of six other care homes, has been the subject of extensive refurbishment and reconfiguration since the purchase was completed in July of this year.
We are delighted to have assisted Sharad Saraogi and the Pressbeau team in arranging the finance and wish then every success with the new venture.
Axis finances the acquisition of St Cloud
Steve Chester of Axis, acting on behalf of Ravad and Golden House, an Israeli joint venture has arranged finance to assist with the acquisition of St Cloud Care, a group a five quality care homes registered for 300 bed spaces.
The group, with homes located in Epsom, Haslemere, Abingdon, Upton upon Severn and Kidderminster is second transaction we have assisted the purchasers in the last 12 months following on from the purchase of Acacia Lodge in Henley in December 2013. It was sold off an asking price of £32m.
Our role was not only arranging the finance, negotiating the terms and managing the process to completion, but also to introduce the off market opportunity to our clients initially.
We are delighted to have been involved with this transaction and provided our clients with a solid platform from which to expand their care activities in the UK.
A variety of autumn deals
We are pleased to report that as autumn progresses we have successfully completed on a cross section of requirements demonstrating our adaptability in sourcing appropriate and competitive finance:
- Capital raise on a commercial investment property with no established tenant covenant
- Stand alone development finance for a new build care home
- An interest margin of 1.7% over cost of funds for an established care home acquisition
- Residential property investment refinance at 5.8% fixed for 20 years
- Public house acquisition with with a sub 3% interest margin and 2% cashback
Interestly, all of our key sectors are active and the demand for well presented loan applications high amongst our principle loan sources. Speak to us for a quotation on any current or future loan requirement.
June 2012 Update
Much has been said of late of the challenges that continue to dominate the banking world and the knock on effect it has on the availablility of term debt. Without doubt these issues pose businesses real issues although we are pleased to report successes in various areas over the past six months some of which are highlighted below:
The acquisition of a 54 bedroom care home by the leaseholder - 100% of purchase price with a total loan of in excess of £4m at a rate of 2.25% over base and a term of 25 years
The acquisition of a "turnkey" 84 bedroom care home - 77% funding via a Venture Capital Trust over 5 years on an interest only basis providing circa £5.4m
A refinance/development for an existing operator providing 100% of development costs - an overall loan facility of £3.75m over 20 years at 2.5% over LIBOR
The sale & leaseback of two existing homes for £6.3m with additional capital provided to fund a 12 bed extension
The purchase of a hotel with funding provided at 65% of purchase price over a 15 year term at 3.25% over base rate
The acquisition of the freehold by the current leaseholder of a public house at 90% of purchase price over a 20 year term
The purchase of a public house with a loan facility representing 65% of purchase price over a 15 year term
The provision of many facilities to assist clients with the acquisition of commercial and residential investments
We pride ourselves in sourcing the best funding solutions for our clients and will add value whenever we are involved. If you are considering raising finance we would be delighted to discuss those plans with you and provide the solution that best fits your requirements.
Challenges remain, but let Axis overcome those challenges and enable you to meet your goals.
Axis enjoys a bumper December
December, normally a relatively quiet time of the year has been entirely different in 2010.
Activilty has been strong and we are pleased to record completions on transactions exceeding £19m in the month to date. The transactions range from acquisitions to refinances and are in all our key trade sectors - healthcare, leisure and investment and we have strong hopes that further transactions will be completed by the year end.
We congratulate all the clients that we have completed deals for this month, and indeed in the year past and look forward to building upon the relationships in the months ahead.
We would like to wish all of out clients, business associates and professional partners a Merry Xmas and a prosperous 2011.
We value your business and our relationship with you and look forward to continuing that relationship in the new year
From all the staff at Axis Commercial Finance
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