Hilco Real Estate Finance (HREF) has extended a £12.5m loan to Abbey Healthcare Group over a 12-month term.
The loan is secured against three care homes in London, Dover and Cambridgeshire, which together provide around 205 beds.
Abbey Healthcare Group will use the loan for business investment and to pay a shareholder dividend.
The funding gives the group more liquidity and stability as it looks at its next steps.
Max Lewis, chief investment officer at HREF, 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.”
