The loan is the first facility Puma has provided to Cinnamon and will help to deliver the new 73-bed home which includes ten care suites with ensuite-wetrooms and their own separate living room and kitchenette area.

The rooms are set to have an EPC A rating, comprising a traditional build with pre-cast concrete planked floors, alongside a brick and cladding façade.

Construction is set to begin in December 2024 and the care home is expected to reach practical completion in August 2026.

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Tony Throp, director and head of Healthcare at Puma Property Finance, comments: “We are delighted to support best-in-class care operator, Cinnamon Luxury Care on this new home.

“We’re looking forward to working with Cinnamon Care Group and building on this relationship in the future.”

Stuart Norris, commercial director at Cinnamon Luxury Care, comments: "We are excited to work with Puma Property Finance on this first project together, developing our next new care home in Thurnby, Leicester.

“There continues to be an urgent need across the UK to deliver good quality care homes and developing this existing brownfield site in an area that has a significant shortfall in care beds will go one step towards addressing this need.”