Cheyne Capital has provided a 拢51m (鈧�57.2m) development facility to Country Court Care to help build new care homes.
Country Court Care said Cheyne Capital has also become a sole, senior lender to its 30 care home portfolio, replacing Barclays, Santander and AIB.
The amount provided will be used to fund a pipeline of seven new build assets nationwide.
Al-Karim Kachra, the CFO of Country Court Care said: 鈥淲e鈥檙e very pleased to have grown our relationship with Cheyne Capital which started three years ago.
鈥滲eing a family business it has always been imperative for us to retain our core family values throughout the business and to have a partner that understands our ethos.鈥�
Raphael Smadja of Cheyne Capital said: 鈥淲e鈥檙e delighted to grow our relationship with the business, whose ethos and operational approach corresponds with the high-quality, relationship-driven principles we employ in our lending strategy.
鈥漈his supports our strategy of providing flexible private capital to help invest in the growth of this sector.鈥�
