MACC Care Properties has secured funding from Paragon Development Finance to support the acquisition and development of a new 71‑bed care home in Birmingham.
MACC will use to the funding to acquire a brownfield site on Shaftmoor Lane in Hall Green, Birmingham, and develop a 44,132 sq ft purpose‑built care home on it.
Dr Naz Nathani, chief executive of MACC Care Group, said: “We are delighted to have worked with Paragon Development Finance on their latest transaction in the care home sector. This latest scheme reflects our strong track record of consistent delivery across both development and operations, and our focus on scaling a clinically led, innovative care platform, creating high-quality, luxury care environments.
“We valued the collaborative approach taken by Steve and the wider team in structuring a bespoke, sector-aligned funding solution that recognised the specific requirements of specialist care assets. As we continue to expand our platform, we look forward to building on this relationship and undertaking further transactions with Paragon to support our ongoing growth.”
Steve Mountain, senior relationship director at Paragon Development Finance, added: “This was a client‑led opportunity that required careful structuring over an extended period, but by working collaboratively with the borrower, we were able to deliver a facility that reflects both the strength of the scheme and the long‑term fundamentals of the care home sector.
“Diversification is a key focus for Paragon as we respond to sectors that are increasingly critical to the UK’s long‑term housing and care needs. Diversification remains a key strategic focus for Paragon, as we continue to support sectors that are critical to meeting the UK’s evolving housing and care needs.”
