Blackfinch

Blackfinch lends £7.3m for care home scheme near Birmingham



Blackfinch Property has provided a £7.3m, 19-month term loan to UV Rubery Care — a SPV of Urban Village Group — for the purchase of land and development of a 71-bedroom care home in Rubery, Worcestershire.


The development — located nine miles from Birmingham’s city centre — will rejuvenate a demolished pub, and aims to deliver a high-quality care option for residents in the community. 

The care home will be designed across three floors to meet varying degrees of care and will have a strong focus on the wellbeing of its residents and addressing their specific needs.

John Hartigan, senior investment manager at Blackfinch Property (pictured above), said: “We were delighted to work with the borrower and its team again on this exciting development. 

“As it had already exchanged on the land purchase, funding had to be put in place quickly. 

“We were able to step in with loan terms that ensured the purchase could be completed and the project could move forward.

“Given the growing demand for elderly care facilities in the UK, we are particularly proud to help revive a disused brownfield site and help turn it into a high-quality care facility that meets the needs of the local community.”



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