The loan will be used to reconfigure the care home internally and refurbish the building to provide up-to-date care facilities.
The news follows two development loans provided by Atelier over the past two months to build a new 131-bed home in west Yorkshire and for a 60-bed home in Cheshire.
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Rav Kudhail, lending manager at Atelier, commented: “This is our second transaction to support a UK-wide care home operator with the acquisition of an existing asset which will be refurbished and operated by our borrower once complete, providing high-quality care facilities in the area."
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