Clinical premises funding
Helping private hospital companies buy premises
- From 2% above base rate
- Up to 25 years terms
- Interest-only or capital repayment
- Buy premises or existing business
- Unsecured lending from 6%
- Up to 5 years to repay
- Secured lending from 2% above base rate
- Long repayment terms
Growth Equity Finance
- Private capital investment
- £5 million - No Maximum
- Suitable for businesses with up to £25 million turnover
- Capital is rolled up to the end of the term
Premises for your hospital or clinic is a major cost. Finding suitable premises, providing ample floor space for beds and facilities and the latest medical equipment will demand a very high level of investment.
The scale of investment required by a modern clinical facility is staggeringly high - and premises can make up the largest proportion of the funding required. Buying an existing medical facility, purchasing a large house or similar structure to convert, or building property will all take large-scale investment.
Equity Finance is consequently the most commonly used method of providing funding - but it means diluting the ownership and profitability of your business. At Rangewell, we have a number of alternative solutions which can help provide the funding you need without sacrificing control.
A Commercial Mortgage
Premises will be a major cost factor for any expansion plans you may have. Whether you want to buy an existing medical facility or want to convert an existing building, you could consider a Commercial Mortgage. Commercial Mortgages work much like a residential mortgage and can be used to help you buy premises for conversion or even an existing clinic practice. Some lenders have a minimum loan value of £75,000 or more, but there is no set upper limit. You could spend £5 million or more on existing clinical premises and we can find lenders prepared to advance the funds you need.
Commercial Property Finance is arranged on an individual basis. Rates and terms will be agreed based on your business plans.
Major development funding
With the increasing use of specialised technology in treatments, it is often more cost-effective to build clinical premises, rather than find a property to adapt. For more extensive projects and ground-up developments, you may well need a more complex financial arrangement. Development funding could let you build the clinical premises you need, and may be able to provide for the cost of land as well for construction.
Lending arrangements can include a roll-up of interest and associated costs into the loan, leaving you with no funding to find until your investment in your business starts to provide returns.
Growth Capital Funding
This is finance on a large enough scale to support very large scale business growth plans - but based on borrowing, which means you won’t have to sacrifice equity in your business.
Growth Capital funding is a type of private equity investment, which is structured as a minority investment. Technically, Growth Capital Loans are a type of Mezzanine Loan and can work alongside additional senior debt facilities. They can provide sums of £5 million or more for terms of up to five years, with Interest paid quarterly or rolled up and capitalised - essentially providing the benefits of a major investor, without the risk of loss of control.
Secured Loans must be supported by security, such as your existing business premises that the lender would take and sell if you became unable to make repayments. This reduces the risk to lenders, and allows them to reduce the cost to you, with rates that can be as low as 2% above base rate, and ten or more years to repay.
Unsecured business loans are a straightforward way of borrowing, and operate much like a personal loan, and may be able to provide smaller amounts.
REAL EXAMPLES OF WHAT WE CAN DO
Help arrange a 100% loan as the basis of a development plan
Find a lender to provide a commercial mortgage to acquire premises
Help arrange asset finance to equip an oncology wing
Help arrange jigsaw funding for every stage of an expansion programme
The finance you need for your hospital property plans
At Rangewell, we will work with you to understand your plans for your hospital or clinic, and use our expertise to help find the funding that meets your needs
We know that the scale of costs involved in buying your hospital premises may mean a range of funding is required. We can provide Jigsaw Funding - a bespoke package made up of the most appropriate type of funding for each need. We have found that it can help access a higher level of funding that could be provided by a single finance option - and reduce costs.
Whatever the property funding needs of your hospital or clinic, simply call us. Our medical funding experts are ready to help.
Helping you build your profits
Funding tailored to your needsFunding can be drawn together from several sources and tailored to your needs.
Large-scale fundingThe scale of your needs may require special solutions.
Asset FinanceAny type of equipment can be acquired with asset finance solutions.
Covering all the costs with Jigsaw FinanceWe can help you arrange bespoke funding tailored around your needs.
Early repayment optionsSome loan providers will accept early repayments, reducing the total cost of your borrowing.
Cutting borrowing costsAt Rangewell we search the entire UK lending market to find the most appropriate solutions for your funding needs, helping you reduce the costs of your expansion plans.
Download Rangewell’s free and detailed guide to business lending for your hospital premises
What kinds of business funding are there for hospital premises?
Why you must find the right lender to cut the costs of lending for your hospital project
The downsides of borrowing for your hospital
What paperwork will I need to submit with my application for finance?
Will I need to provide guarantees or security with my application?
What are the key finance terms to check?
Download the free e-book for funding your hospital premises
A long-term commitmentA funding package will mean a long-term commitment, with ongoing monthly repayments.
You may still need to repay if you sellIf you sell your business, you will need to repay your funding.
A personal liabilityLoans will be secured on your existing practice, but you may be personally responsible for their repayment.
Our service is...
ImpartialTransparent and independent, treating all lenders equally, finding the best deals.
In-depthEvery type of finance for every type of business from the entire market - over 300 lenders.
In-personSpecialist Finance Experts support you every step of the way.
FreeWe make no charge of any kind when we help you find the loan you need.