This new loan facilitates continued business investment and a shareholder dividend for the business ownership.
Secured against three care homes — in London, Dover and Cambridgeshire — the extended facility provides additional liquidity and stability while the group explores its options.
HREF has a well-established relationship with Abbey Healthcare Group, having first lent to them in October 2023.
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Max Lewis, chief investment officer at HREF, said: “The care sector is a specialist market with unique financing requirements.
“As specialists within this arena, we will always take the time to get under the skin of a deal and welcome the opportunity here to work with a credible borrower with an exemplary track record, a clear exit plan and proven collateral value.
“We hope this significant transaction is seen by the market as a statement of intent for us in a sector that we intend to grow in further as a strategic priority.”
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