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Healthcare Finance for GPs

From finance for a new GP surgery, funding equipment, looking at expanding or buying into an established GP practice, Sterling Commercial Finance recognise that the needs of GPs / GP Practices are unique and can tailor financial solutions to match your needs.

We have the solutions and would welcome the opportunity to talk to you to see your business plans and how the team can help.

We can help if you are a GP or a GP Practice:-

Looking for Finance to build a new surgery or medical health centre.
Wishing to purchase your own practice.
Wishing to finance an expansion.
Looking for finance to build a new surgery or medical centre.
Looking to buy into a practice.
Requiring a loan for new equipment.
Disillusioned with your current financial lender.

Banks have always been comfortable in lending up to 80% of the freehold premises value and a good number are comfortable with lending up to 100%.

Steve Divall, our healthcare finance consultant, is an ex-specialist healthcare banker with over 20 years experience working for one of the major specialist healthcare lenders looking after GPs and other healthcare professionals just like you.

The ability to convince a lender that you are that person and this is the right deal is where Sterling Commercial Finance can help.

You can be confident that we will source an appropriate funding structure for you.

Buy in / by out loans
Generally 100% LTV – significant stand alone unsecured funding.
Freehold surgery premises partnership loans
Freehold surgery premises partnership loans 100% LTV not unusual with most lenders 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. Having said this lenders prefer a straightforward one loan partnership facility
Freehold premises Propco
100% LTV where the partners buy the premises through a property company. Lease will be required between practice and propco. Bank may / may not ask for personal unsupported guarantees from partners to cover the “unsecured” funding ie between 70% and 100% of property value.
New build development finance GP surgery and of medical centre
100% LTV possibly up to 105% and possibly as high as 110% loan to cost.
Medical centre development finance
100% LTV, possibly up to 105% loan to cost. This includes surgery premises and generally a pharmacy but can also include private hospital with consulting rooms for medical consultants CQC staff and others.
Property extension / upgrade
Finance available up to 100%.
Premises refinance
Up to 100% LTV – Some capital can be released to partners to but bank would need to be happy for reasons eg school fees or pension payments for private work.

An important feature will be the amount of notional rent – which for many lenders, is the driving force for serviceability calculation. Lenders will also take account of any other “guaranteed” long term rent ie from a pharmacy, private hospital or dentist subject to long term leases being put in place.