Care home developer and operator Cinnamon Care Collection has secured a £13.5m loan from Leumi UK to refinance its new Oakley Grange care home in Warwick.
The transaction takes Cinnamon’s total facility with the lender to £56m and brings the total portfolio funded by Leumi UK to 351 registered beds.
Oakley Grange care home, which is located on the border of Royal Leamington Spa and Warwick, opened in August 2024. It offers 66 fully-furnished en-suite rooms with level access wet rooms, in addition to five deluxe care suites.
Stuart Norris, director at Cinnamon, said: “Refinancing Oakley Grange represents an important milestone in our strategy as we continue to deliver award-winning care homes for our residents across the UK. As a flexible, speedy and responsive lender, Leumi UK has been instrumental in supporting our growth ambitions, and its specialist expertise in healthcare made expanding our relationship a very easy decision to make.”
Guy Brocklehurst, relationship director at Leumi UK, added: “We are proud to continue our relationship with Cinnamon, and we look forward to further supporting the group on its growth journey. This transaction underscores our ongoing commitment to supporting high-quality healthcare projects in the UK, and reinforces our position as a key partner in the care home sector. The deal showcases the sector knowledge and speed of execution which differentiates Leumi UK”
