YMCA London South West

Charity Bank has lent £1.25m to YMCA London South West to assist with the acquisition of the long leasehold interest in Olympic House in Wimbledon. The loan will enable YMCA LSW to forge ahead with their plans to redevelop the entire site.  Plans include the provision of 80 self contained units of state of the art accommodation, health and fitness facilities, provision for local children as well as community space and cafe.

"When we approached Charity Bank it was the middle of the credit crunch and our own bankers had just withdrawn their offer to lend,” said Stuart Leamy, Director of Finance at YMCA London South West “Charity Bank was immediately supportive and their loan is enabling us to forge forward with our extensive development plans to meet the diverse needs of our local community." www.ymcalsw.org