The 75% LTV facility was agreed over a term of less than a year, secured by a 1.7-acre site in Bury St Edmonds and was completed in around four weeks, to meet the borrower’s tight timescales.

Planning consent has been given for the purpose built 72-bed care home with construction scheduled for later this year.

•   Hilltop launches real estate funding and management platform
•   LDS agrees its largest sales guarantee to date for £14.9m GDV Leeds scheme
•   £1.3bn of development potential currently held in Class Q sites

Dan Smith, CEO at Broadwood Capital, commented: “I am delighted to be working again with Gary Sharp and Chris O’Brien of Simply Care Group UK to support their development activities and delivering essential new build homes.”

Gary Sharp, founder of Simply Care Group UK, added: “Dan is [an] experienced lender in the care home sector, which was invaluable to us on this transaction given we were under tight timescales.

“The combination of Broadwood’s extensive knowledge in both the care sector and development and construction, resulted in a highly efficient and streamlined process.

“We are looking forward to working with [the lender] on our future development pipeline in the coming periods.”