Our support
A £1.5m loan from CAF Bank partly funded the award-winning development. On the partnership with CAF Bank, Susan Faridi, chief executive of The Finchley Charities, said: “It’s been an experience which I never expected. The project was challenging at times because of building delays, but the bank has been very supportive all along. That’s what makes a difference; they have been with us from the start.”
The charity used returns from investments alongside the loan to fund the building. This enabled the charity to grow its impact, while retaining more of its investment portfolio to support future projects.
Speaking about the charity’s plans, Susan said: “We are hoping that our investments will give us an alternative source of income. And if we develop other homes in the future, trustees will look at all options of funding by looking at partnerships and other funding models”.