Case Study

Refinancing - Alpha Homes provides sheltered accommodation for older people and currently owns and manages 852 homes.

Refinancing - Alpha Homes provides sheltered accommodation for older people and currently owns and manages 852 homes.

Case Study Objective The objective of this project was to obtain the funds to enable Alpha to remodel some accommodation and generally improve its stock to an enhanced “Alpha Standard”. Alpha had already identified the need for additional loans but needed support and advice to identify and swiftly arrange the new funding. It was looking to develop a new supportive lender relationship with flexible financial covenants. The new lender would become the biggest lender to the Association. What we achieved Exactly one month after appointment a Funding memorandum was issued and this resulted in competitive offers being received from four potential lenders by the end of month two. After undertaking analysis and comparison between the offers. Alpha selected Lloyds bank to provide a 15 ye

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