FINANCE OPTIONS

^Care Home Refurbishment Finance – Get a Quote Today

Q: How much can I borrow for care home refurbishment finance

Borrowing capacity varies by project and security, but refurbishment lending is often discussed with minimums around £50,000 and maximums reaching £5,000,000+. For different structures, term loans for refurbishment are commonly around £50,000 to £2,000,000+, while drawdown facilities can be £100,000 to £5,000,000+ and bridging is often £50,000 to £2,500,000+.

Q: How long does the initial decision take

Initial decision times often depend on the structure and complexity. For refurbishment finance overall, initial decisions can be typically 1 to 6 weeks. Term loans for straightforward refurbishment cases may be around 2 to 6 weeks. Drawdown-style facilities are commonly 3 to 8 weeks, while bridging may be around 1 to 3 weeks if valuations and an exit plan are clear.

Q: What interest rate ranges are typical

Indicative UK SME pricing for care home refurbishment lending is often in the ~7% to 16% APR range depending on security, loan-to-value, risk, and term. For bridging, typical all-in outcomes are often in the ~9% to 18% APR equivalent range because fees and short-term costs can be higher relative to term loans. Fees such as arrangement or underwriting may also apply.

Q: Which finance type fits my refurbishment plan

Use term loan for refurbishment for planned works where a clear scope and repayment source can be assessed. If your project is phased with progress-based spending, a construction-style refurbishment drawdown facility can align releases to milestones. If you need to complete urgent or final works before a longer-term refinance, asset-secured bridging to complete works may help, provided there is a credible completion plan and exit route.

Care Home Refurbishment Finance is a property refurbishment loan designed to fund renovation, refurbishment, and improvement works to a care home building. Many lenders look at how your business will repay, alongside a costed refurbishment plan and affordability from trading cashflow. Because the works are tied to safe, ongoing operation, this type of finance can help convert contractor costs into structured repayment, rather than relying on reserves or stop-start funding. Funding Agent helps UK businesses compare suitable lenders for this kind of care home refurbishment finance, and shape your application to match typical underwriting needs.

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^Benefits of refurbishment finance for care homes

Care home refurbishment lending is built around the project plan, the repayment source, and the security structure. It can turn a refurbishment schedule into cashflow-aware funding, with decisions typically starting after initial underwriting and documentation review. Here is how the product benefits and the practical lending context fit together for many UK operators.

Fund safety-critical upgrades

Match spending to milestones

Repay refurbishment in profile

SCALE YOUR BUSINESS TO NEW HEIGHTS

Types of Care Home Refurbishment Finance

Term loan for refurbishment

Commonly used for planned renovations in a single facility, this option supports refurbishment where works can be properly scoped and costed, and where lenders can assess affordability and security over a clear repayment term.

Term loan for refurbishment

Term loan for refurbishment is typically available from around £50,000 up to £2,000,000+ depending on property value, works scale, and security. Lending terms are often 12 to 84 months. Indicative pricing for UK SME refurbishment lending is often around 7% to 15% APR, varying with risk, loan-to-value, and trading history. Initial decisions can be around 2 to 6 weeks for straightforward cases. You will usually need contractor or professional evidence of the works plan, plus a credible repayment source based on trading cashflows or reserves.

Construction-style refurbishment drawdown facility

Best suited to phased, progress-based programmes where you want staged releases tied to milestones, supported by project schedules, contractor documentation, and clear drawdown controls.

Construction-style refurbishment drawdown facility

Construction-style refurbishment drawdown facilities are often used for major multi-phase programmes, with typical amounts from £100,000 to £5,000,000+. Terms are commonly 18 to 96 months, and the overall structure is usually shaped around drawdown during the works and repayment once completed. Pricing is frequently variable or fixed for part or all of the term, commonly in the ~8% to 16% APR range for higher-risk elements. Decision times are typically 3 to 8 weeks, with underwriting focused on project risk, contractor documentation, and milestone evidence for staged releases.

Asset-secured bridging to complete works

A short-term, property-secured bridge can help you finish urgent or final refurbishment phases where a longer-term refinance is expected, but timing needs a gap solution.

Asset-secured bridging to complete works

Asset-secured bridging to complete works is usually in the £50,000 to £2,500,000+ range depending on security position and exit certainty. Facilities are commonly 1 to 12 months, and all-in bridging costs can work out higher than term loans when arrangement and fees are considered, with indicative outcomes often in the ~9% to 18% APR equivalent range. Initial decisions are often around 1 to 3 weeks if valuations and exit/refinance plans are clear. This structure relies on a credible completion plan and an agreed repayment route on exit or maturity.

Typical Funding Journeys on Funding Agent

Submit your funding request

Our platform enriches your application using business data

Your request is matched to suitable lenders

Receive offers and proceed with the best option

How to get this finance with Funding Agent

Tell us about the refurbishment

Share the care home site details, the planned scope of works, contractor quotes or estimates, and how much funding you need. Include your proposed timeline so we can understand the delivery approach and the lending structure that fits, using the online application form if you’re ready to submit.

We match lenders to your case

We compare options for term loans, drawdown-style refurbishment facilities, and bridging where appropriate. Your security position, affordability evidence, and project risk help determine which lender types are a realistic fit for your timetable and repayment source.

Submit and track underwriting

We coordinate the application pack and help you respond to lender questions, including the works plan, repayment source, and cashflow. You can track progress from initial decision through to funds release and milestone drawdown where relevant.