You have the opportunity to purchase the freehold of a practice premises or perhaps planning has been granted for an extension.
Lily Head Finance can help
This might be your first practice purchase and the vendor wants to sell the freehold of the building or you might already own the premises and want to raise finance on the property to extend, undertake modifications, or refurbishment.
Alternatively, you might be looking to use the equity in the building to support a business acquisition. Our Practice Finance Consultant will discuss your medium and long term plan including exit strategy.
One option might be to present a documented business case to your existing bankers but more usually combined with a competitive tender to reference alternative and potentially more competitive terms from other lenders looking to increase their market share in this sector.
A further option might be to explore the commercial mortgage market and secure a long term loan on a transactional basis.
Whatever your plans, Lily Head Finance has the banking and commercial experience in-house to bring your vision to life and get buy-in from a Bank or other financial institution.