Patron Capital’s care home business has secured a £39m loan from Israeli bank Leumi.
Hamberley Care Homes will use the finance to develop 307 care home beds in the south of England. The homes will be across four schemes in Dorking, Eastleigh, Keynsham and Bromsgrove.
The closed facility was provided by the London-based subsidiary, Leumi UK. It is the bank’s third deal with Hamberley.
Guy Brocklehurst, relationship manager for property finance at Leumi UK, (pictured) said: “From both a debt and equity perspective, UK senior living presents a compelling investment opportunity due to the mismatch between demand and supply, which will only be exacerbated by Britain’s rapidly ageing population.
“As a result, Leumi UK is seeking to expand our lending activities within the healthcare sector through leveraging our specialist, sector-specific expertise.”
Hamberley Care Homes currently has 12 operating care homes and a pipeline of 20 schemes.
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