Christie Finance secures funding for care group’s expansion

Christie Finance, the specialist commercial finance broker, has successfully arranged and completed a £3 million funding package for Lorimer Care Homes Ltd, enabling it to buy the Glenfairn House Nursing Home and Carrick House Nursing Home in Ayr.
 
Glenfairn House is a former period Victorian villa with purpose built extensions located on the highly desirable Racecourse Road in Ayr, and is registered for 74 older people in the provision of nursing care.
 
Carrick House is located close by on Carrick Road and comprises two Victorian semi-villas which have been combined with a modern, purpose-built extension to the rear. It is registered for 28 older people.
 
Directors Colin Rhodes and John Walker viewed around 25 care homes in the past 18 months before deciding to purchase Glenfairn and Carrick.

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