The 60-bed care home will be spread over three storeys with premium facilities, including communal lounges, restaurants and private dining areas, along with furnished bedrooms and en-suite wet rooms for each resident.
The development is expected to be completed in July 2022.
The loan was agreed on a 27-month term.
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Tony Throp, director at Puma Property Finance, said: “We have a long-standing relationship with this care operator, and are pleased to support them in building another exceptional care facility in the North West.
“Residents will benefit from the high standard to which these care homes are developed which, as we have seen last year, is more important than ever to ensure residents can receive safe and effective care services.
“We very much pride ourselves as being a relationship lender, so it is particularly pleasing to work again with this operator on another excellent scheme.”