The first loan supports the ground-up construction of a purpose-built, three-storey care home, comprising 89 ensuite bedrooms in Preston, Lancashire which will provide residential, nursing and dementia care.

The development’s energy-use targets and sustainable cionstruction met the lending criteria for investment by Broadwood’s Later Living Sustainable Construction Finance Fund.

The second loan provided finance for a two-storey purpose-built care home, comprising 80 ensuite bedrooms in Stalmine, Lancashire which will provide nursing care.

Construction of the home was well advanced at the point of financing and Broadwood Lending Limited provided the loan from its balance sheet.

Both homes are anticipated to open in early 2026 and will deliver 169 beds to an area experiencing a chronic shortfall of high-quality, new purpose-built care homes.

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Commenting on the deal, Steven Wiley, founder and CEO at Athena Healthcare Group said: “We are delighted to be working with Broadwood, who have been impressive from the outset.

Their team combines the two very specialist areas of the care home sector and construction, which is essential to support care home developers at a time when accessing the required finance can prove challenging.

“With Broadwood’s support, our developments at Preston and Stalmine are proceeding well and on track to be completed on time.  We are looking forward to a long and fruitful relationship with Broadwood.”

Dan Smith, CEO at Broadwood Capital, added: “Pressure on the Later Living sector in the UK continues to mount. Athena has a great track record in care home development, builds excellent facilities and has a real specialism in the North-West of England.

“We are delighted to support Steven and his team on their latest two developments and look forward to seeing these essential homes come through to completion.”

Voltaire Financial acted as exclusive capital sourcing adviser for Athena Healthcare Group on arranging both loans.