ThinCats supports Dorset based care home with £1.5m funding package
We have supported Avatara Inc Ltd, owners of care home Casterbridge Manor, with a £1.5m refinance and acquisition funding package.
Casterbridge Manor, set in the picturesque village of Cerne Abbas near Dorchester, is a 62 bed purpose built care home acquired by the company in 2016. The home offers the highest standards in residential, nursing and specialist dementia care in a warm, safe and friendly environment, with comfortable surroundings and opportunities for interaction, ‘encouraging residents to live life to their fullest potential’. The business is run by experienced husband and wife team Chetan Borkhatria and Suri Kalyan.
Avatara had the opportunity to acquire a local care home that had previously closed down, to be re-opened as Casterbridge Lodge. The home will provide 34 rooms with a similar ethos to Casterbridge Manor, and is set in large grounds in an area of outstanding beauty in Winterbourne Steepleton, Dorset.
The business was introduced to ThinCats by Sean Hurden, Senior Broker at Chandler & Co, specialist care home mortgage brokers based in Kent.
Casterbridge Manor is a very well-loved care home by our residents, their families, and our staff, and we are looking forward to launching Casterbridge Lodge, enabling us to offer the same amazing level of care and attention to even more residents. Chandler & Co has done a great job in recommending ThinCats, and we are delighted that the funding has been finalised.
Chetan Borkhatria, Avatara
Sean Hurden, Senior Broker, Chandlers: “Chetan and Suri have a reputation for turning around failing or distressed homes and Casterbridge Lodge will complement their existing home, Casterbridge Manor extremely well. The fact that a funding package was agreed expeditiously and processed in a timely manner is testament to the ability and professionalism of Richard and his team at Thincats.”
Richard Henshaw, Director National Development Healthcare, ThinCats: “Chetan and Suri are extremely experienced in high quality care home provision, and I have no doubt that Casterbridge Lodge will be just as impressive as Casterbridge Manor. We are very pleased to be continuing to provide support to the healthcare sector, and look forward to seeing the home open under their expert care.”