Broadwood Capital provides £14m care home loan

By

Dan Smith

Broadwood Capital, alternative lender to real estate investors and developers, has completed a 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 Later Living Sustainable Construction Finance Fund as it meets key sustainability criteria with features such as fossil fuel free heating, EPC A, low embodied carbon and EV charging points.

Dan Smith, CEO of Broadwood Capital commented:

“With continued pressure on later living throughout the UK, this is a welcome addition to the development pipeline.

As long-term advocates of a sector which is socially conscious, sustainable and structurally in high demand, we remain keen to fund similar projects and to support the construction and development of much-needed new facilities.”

MACC Care Group is an experienced developer and provider of residential care services for elderly

Naz Nathani, founder and CEO of MACC Care Group commented:

“We are delighted that Broadwood is providing the full development finance to allow MACC to deliver a best-in-class, future-proofed and highly sustainable care home in a part of the Midlands with a significant undersupply of care beds.

It is great to be working with Dan and the Broadwood team again.”

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