Abbey Healthcare Group has secured a £12.5m loan from Hilco Real Estate Finance (HREF) on a 12-month term.
The loan, which is secured against three care homes in London, Dover and Cambridgeshire, facilitates continued business investment and a shareholder dividend for the business ownership.
Max Lewis, chief investment officer ay Hilco Real Estate Finance, said: “The care sector is a specialist market with unique financing requirements. As specialists within this arena, we will always take the time to get under the skin of a deal and welcome the opportunity here to work with a credible borrower with an exemplary track record, a clear exit plan and proven collateral value. We hope this significant transaction is seen by the market as a statement of intent for us in a sector that we intend to grow in further as a strategic priority.”
