The loan is being used to refinance its new Oakley Grange care home in Warwick and is the fifth site Leumi UK has refinanced for the developer in the last 18 months and the seventh site since the relationship was established in 2015.
The transaction takes Cinnamon’s total facility with the lender to £56m, and brings the total portfolio funded by Leumi UK to 351 registered beds.
Oakley Grange, located on the border of Royal Leamington Spa and Warwick, officially opened in August 2024, and offers 66 fully-furnished en-suite rooms.
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Commenting on the deal, Stuart Norris, director at Cinnamon, said: “Refinancing Oakley Grange represents an important milestone in our strategy as we continue to deliver award-winning care homes for our residents across the UK.
“As a flexible, speedy and responsive lender, Leumi UK has been instrumental in supporting our growth ambitions, and its specialist expertise in healthcare made expanding our relationship a very easy decision to make.”
Guy Brocklehurst, relationship director at Leumi UK, added: “We are proud to continue our relationship with Cinnamon, and we look forward to further supporting the group on its growth journey.”
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