Norton supports care home expansion with £600k bridging loan from Black & White Bridging

Norton Broker Services has supported a care home operator in securing a £600k bridging loan from Black & White Bridging, enabling the acquisition of a second property and supporting the business’s expansion.

The borrower, an established operator, was unable to secure a traditional commercial mortgage due to their existing care home holding a Care Quality Commission (CQC) rating of “Requires Improvement”, below the level typically required by mainstream lenders.

While improvements had already been made, delays in the reinspection process meant the updated rating had not yet been confirmed.

To avoid losing the opportunity, a bridging facility was structured to provide 100% of the required funding, secured against both the existing care home and the new property.

This enabled the borrower to proceed immediately, expanding capacity without being delayed by regulatory timelines.

The acquisition is expected to strengthen the business, increasing income potential and supporting further growth. The borrower plans to refinance onto a term facility once an improved CQC rating is confirmed.

Mike Underwood, Relationship Director at Black & White Bridging, said:

“This case highlights how bridging finance can provide practical solutions for SMEs, enabling them to grow and act quickly when opportunities arise.”

Daniel Jones, Bridging and Commercial Sales Manager at Norton Broker Services, added:

“With a term loan not currently available due to the CQC rating, bridging was the only viable route to complete the acquisition. The deal was structured quickly to ensure the opportunity was not missed.”

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