Atelier provides £12.4m to fund new care home

Atelier has provided a £12.4m loan to help construct a purpose-built, 76-bed care home in Worcester.

The care home will replace a derelict former restaurant on Droitwich Road, providing care facilities to support local need.

This was Atelier’s second loan with this care home developer and operator.

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.”