Beaufort Provides Senior Debt Facility for New Care Home Development in South-West London
Beaufort is delighted to announce the completion of a facility to fund the construction of a new 82-bed care home in South-West London.
The £26m senior facility will support the refinancing and development of the site, which will specialise in the provision of elderly and dementia care.
The facility will be structured in two phases: an initial £2 million refinancing, followed by the main development funding upon planning approval for a revised scheme. The new facility will feature state-of-the-art amenities, positioning it as a premier choice in the local area.
The property, once developed, is projected to have a stabilised GDV in excess of £50 million.
The borrower is a major UK provider of long-term care and consistently ranked as a Top 20 recommended UK care home group. The new care home will feature state-of-the-art amenities, positioning it as a premier choice in the region.
Steffan Goold of Beaufort commented:
“We are delighted to have completed this facility with one of the UK’s leading elderly and dementia care providers.
Once delivered, the proposed scheme will provide best in class care and facilities as well as excellent hospitality.
Steffan Goold, Director – Beaufort Capital
“We are looking forward to building a long-term relationship with the borrower.”
This transaction demonstrates Beaufort’s ongoing commitment to supporting high-quality design-led developments in the care and retirement sectors. Beaufort is currently funding a number of care and retirement sectors across a range of UK locations.
