Allica Bank’s delivers commercial mortgage for care home deal

Anthony Newman, specialist relationship manager, Allica

Allica Bank has delivered its first commercial mortgage within its healthcare division, enabling the purchase of a 21-bedroom care home in Oswestry, Shropshire.  The loan – totalling nearly £500,000 – supported the purchase of Hartlands Rest Home, a residential and dementia setting, which provides care to older people. Its previous owner is retiring after running…

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