Residential care developer receives £26m in loans

Birmingham-based residential care developer and operator MaccGroup has received development and refinancing loans totalling £26m from Fortwell Capital, principal lender to developers and investors within the UK real estate sector. The deal includes a development facility for Tudor Grange, a new scheme in Solihull that will provide a 64-bed care home and 44 retirement living apartments over the next three years and is Fortwell’s first deal involving retirement living. Founded in 2004, Macc Group has developed and operate... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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