"This landmark transaction for Leumi UK represents our largest healthcare facility to date and demonstrates our ability to tailor financing solutions that support a top-tier, scalable platform"
- Guy Brocklehurst - Leumi UK
Leumi UK has provided a £100m revolving credit facility to LNT Care Developments, the UK's largest care home developer, to support the continued expansion of its nationwide portfolio. The deal marks Leumi UK's largest healthcare financing to date and builds on a long-standing relationship between the two parties.
LNT has developed more than 250 sites representing over 16,500 beds. With the new facility in place, it aims to deliver a further 15 to 20 care homes over the next three years.
The revolving credit facility will provide flexible care home development finance across land acquisition, development, and investment activity within LNT's pipeline, initially supporting five schemes totalling 330 beds.
Those sites are located in Wymondham, Norfolk; Bourne, Lincolnshire; Braunton, Devon; Thornbury, Gloucestershire; Hooton, Cheshire; and Newcastle Great Park, Tyne and Wear.
The wider market context supports the expansion. New care home supply remains constrained by rising development and operating costs, and a significant proportion of existing stock is outdated. Demand, meanwhile, is expected to grow steadily, driven by the UK's ageing population and increasing care needs among older age groups.
"We are thrilled to build on our trusted partnership with the Leumi UK team, whose support gives us the flexibility we need to deliver our pipeline of new sites," said Matt Lowe, chief executive at LNT Care Developments. "We have ambitious growth plans and Leumi UK is an important funding partner as we continue to develop high-quality, best-in-class care facilities across the UK."
Guy Brocklehurst, relationship director at Leumi UK, said the transaction reflected both the strength of the partnership and the lender's confidence in the sector. "LNT is a leading care home developer with a proven operating model, and we look forward to working with the business as it continues to expand its portfolio," he said.
"This landmark transaction for Leumi UK represents our largest healthcare facility to date and demonstrates our ability to tailor financing solutions that support a top-tier, scalable platform. It reflects the strength of our relationship with LNT as well as our conviction in the long-term prospects for the care sector in the UK."
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