Over £12m loan secured for new care home in Worcester

A £12.4m loan by finance lender Atelier has been secured to construct a purpose-built, 76-bed care home in Worcester.

Macc Care is the home developer and operator for the project and marks Atelier’s second loan with the developer.

The home is located on Droitwich Road and will replace a derelict former restaurant.

Rav Kudhail, lending manager at Atelier, said: “This is our second loan with Macc Care who are committed to providing individualised care within each home they develop and operate. We are looking forward to continuing our relationship with our borrower throughout the development of this care home in Worcester.”