The 80% LTC facility will be used to assist with the purchase, redevelopment and long-term hold of social housing projects.

The developments will primarily be high-quality, bespoke housing facilities used for supported living and temporary accommodation, particularly for vulnerable adults with a range of needs. 

Grosvenor Hill Social Impact Group will be led by the teams behind Mountain Capital and MLX Capital.

The investors in this fund — Mountain Capital’s directors Gary Landesberg, David Rosenberg and Elliot Rosenberg — have over 30 years of experience investing in the UK's residential sector.

Grosvenor Hill Social Impact Group will be managed by MLX Capital’s directors Abel Leaman and Dion Michael, who have a track record and experience within the real estate, investment banking, and social housing sectors. 

Their team will be responsible for acquisitions, asset management and partner relationships.

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“We believe that everyone should have equal access to safe, affordable, and comfortable housing — our innovative approach enables us to deliver truly transformative solutions to tackle the social housing and care crisis,” said David.

“We received funding from OakNorth Bank to support Mountain Capital’s growth, so we knew they were the right team to help us once again. 

“While this is a new entity working alongside MLX Capital, we have the track record and experience, which meant OakNorth Bank took a forward-looking view of our business based on our future potential.”

Greg Manson, associate director of debt finance at OakNorth Bank, added: “The team behind Grosvenor Hill Social Impact Group consists of investors with over three decades of real estate experience and specialist knowledge. 

“Good quality supported housing is essential for communities and society, and the team has the varied experience to deliver this through this collaboration. 

“We’re delighted to have once again been chosen as the debt funding partner — repeat business from borrowers is the best validation we can have that we’re delivering on our promise to delight customers.”