Specialist property finance lender Atelier has revealed a £14.6m development loan to the Athena Healthcare Group.
It will fund the construction of a new care home in East Ardsley, West Yorkshire.
Located near Wakefield, the purpose-built scheme is well located and will provide much needed care facilities in West Yorkshire, including residential, nursing and dementia services.
Due for completion by April 2025, it is set to provide 131 single bedrooms, each equipped with ensuite wet room facilities.
Martin Gilsenan, Chief Originations Officer at Atelier, said: “We are delighted to partner with Athena Healthcare Group to finance the construction of this high-quality development in East Ardsley.
“Care is an asset class that we understand well, and we are looking forward to strengthening our relationships with Athena in the months ahead.”
