Specialist development finance lender Atelier has provided the financing for a new purpose-built 76-bed care home in Worcester.
Macc Care’s £12.4m project will replace a derelict former restaurant on Droitwich Road.
The loan follows a series of recent financing deals in the care sector, including a £9.8m loan for the purchase of a 107-bed care home in North London.
Rav Kudhail, lending manager at Atelier, said: “This is our second loan with Macc Care who are committed to providing individualised care within each home they develop and operate. We are looking forward to continuing our relationship with our borrower throughout the development of this care home in Worcester.”
