LONDON, January 6, 2011 /PRNewswire/ -- Preston-based care home Arrowsmith Lodge will be able to offer a further 13 beds for the elderly and dementia patients with the help of a new commercial mortgage from Santander Corporate Bank. Experts in personal banking services, from home insurance ( http://products.santander.co.uk/insurance/homeinsurance.html) to travel insurance, Santander's corporate arm successfully extends to commercial residential services.
The facility at Arrowsmith Lodge will help fund an extension for 13 single en suite bedrooms, taking the total places up to 35 and providing much needed extra residential care spaces in the local area. Arrowsmith Lodge run by Mrs Kesavamalar Rajaratnam provides long term residential care.
Mrs Kesavamalar Rajaratnam, Manager, said: "It is a pleasure to be working with Santander and its knowledge of the industry and our business helped with the smooth completion of the deal. This now means we will be able to provide 13 extra beds in the home for the elderly and people suffering with dementia, helping them to live their lives with the support they need. I am looking forward to working with Santander in the future."
Robert Dolan, Relationship Director at Santander's Manchester Corporate Business Centre said: "We were very pleased to have supported Mrs Rajaratnam with her new mortgage to fund the expansion of her business. Our dedicated relationship approach and experienced team in Manchester has helped us develop an in-depth understanding of the business to find the best possible package for its needs."
Mrs Rajaratnam runs the business, Arrowsmith Rest Homes, with her son Skanda Rajaratnam. They have a second home, Westfield Rest Home, in Blackpool.
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