£6,300,000 – West Midlands
£6.3m exit loan for 70-bed care home in Telford
Puma Property Finance has provided a £6.3 million development exit loan for a care home development near Wolverhampton in the West Midlands. The purpose-built care home with supported living facilities will enable the experienced care home operator to repay its development funder. The loan will be in place during the initial operational phase as the care home attracts residents.
The 70-bed care home will provide 12 specialist care apartments to improve care home provision, and meet the increasing demand for purpose-built care beds across the UK.
