Healthcare Finance for GP’s

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Banks have always been comfortable in lending up to 80% of the goodwill and 100% of the freehold premises value and will still for the right person and the right business look at applications for 100% LTV funding.

GP Practice Funding
GP Buy-In Loans
GP Surgery Developments
  • Buy in / by out loans
    generally 100% LTV – significant stand alone unsecured funding
  • Freehold surgery premises partnership loans
    100% LTV not unusual – most lenders will be comfortable in arranging individual partners funding within a joint and several liability partnership facility. This is often asked for when partners want to overpay “their share” of a premises loan.
  • Freehold premises propco
    generally 100% LTV – loan where the partners – some or all of the partners – buy the premises through a property company – lease likely to be required between practice and propco. Bank may ask for unsecured personal GP guarantees to cover the “unsecured” funding ie between 70% and 100% of property value
  • New build development finance GP surgery and of medical centre
    generally 100% LTV possibly up to 105% and possibly as high as 110% loan to cost
  • Medical centre development finance
    generally 100% LTV possibly up to 105% loan to cost – includes surgery premises and generally a pharmacy but can also include private hospital – consulting rooms for medical consultants CQC staff and others
  • Property extension / upgrade
    finance – generally up to 100%
  • Premises refinance
    up to 100% LTV – can release equity capital to partners

An important feature will be the amount of notional rent – which for many lenders is the driving force for serviceability calculation – being paid to the doctors business partnership ie partnership that owns the CQC contract. Lenders will also take account of any other “guaranteed” long term rent ie from say  pharmacy – private hospital – dentist subject to long term leases being put in place

Healthcare Finance
Funding for GPs
Funding for Dentists
Funding for Vets
Funding for Pharmacies
Discuss your Healthcare Finance needs with Steve on 0115 9849800 or email steve@sterlingcommmercialfinance.co.uk

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