£14m development loan sealed for Staffordshire care home
Broadwood Capital, the alternative lender to real estate investors and developers, has completed a £14m loan to MACC Care Group to fund the development of a new-build care home in Staffordshire.
The loan supports the ground-up construction of a luxury purpose-built care home, comprising 80 ensuite bedrooms which will provide residential, nursing and dementia care. The project, which secured planning permission in 2024, is scheduled for completion in the summer of 2026.
The 21-month facility will be funded via the Broadwood Late... 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...
