The facility, via Cain’s Fortwell credit strategy, will fund a pipeline of new care homes across the UK.

The funding will first be used to develop three new care homes in Kent (pictured above), Essex, and Oxfordshire.

Since 2018, Cain has lent over £650m to the UK care home sector.

“By agreeing this deal with Lovett Care, we have established a strong relationship with a highly experienced provider,” said Nikos Yerolemou-Ennsgraber, director at Cain.

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“As the UK faces a significant demand for care beds, far exceeding the current supply, we are proud to contribute to the development of this sector.”

Keith Crockett, CEO at Lovett Care, added: “We are delighted to have initiated this relationship with Cain International, which will help us execute our strategy to deliver high quality, new-build care homes across attractive markets.

“Cain’s expertise in the sector has been helpful in putting together a framework that fits well with our growth strategy and ambitions to deliver best-in-class facilities.”

Lovett’s portfolio includes over 600 beds across its care homes.

Cain acquired Fortwell Capital in 2020, extending its development lending offering.