The funding will be used to fund the construction of an 81-bed care home near Lichfield, with a loan structured over a 25-month term.

This will assist with the refinancing of the site and full construction costs.

This is the third deal Atelier has completed with care providers Macc Care Group, and become the 17th care home within the firm’s portfolio.

“We are pleased to support this scheme, structuring the facility above our usual leverage parameters in recognition of our strong relationship with this client,” said Rav Kudhail, lending director at Atelier.

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“The first two schemes we funded together were both delivered ahead of programme and refinanced ahead of maturity, giving us the confidence to provide additional leverage on this project.”

Naz Nathani, director at Macc Care Group, added: “The people at Atelier are a pleasure to work with, have a reassuring awareness of healthcare sector developments, and consistently demonstrate an ability to develop a deep understanding of the nuances of each transaction.

“This marks our third transaction together, and once again, their team has impressed us with their speed, flexibility, and ability to focus on what truly matters — from underwriting through to implementation.”