Beaufort enters long-term partnership with LNT Care Developments



Beaufort has entered long-term financing partnership with LNT Care Developments to fund the construction and stabilisation of a portfolio of newly-constructed care homes.


The facility is initially planned to provide the construction of 264 new care beds across England.

Once completed the initial portfolio is projected to have a combined stabilised GDV of around £100m.

Beaufort has funded around 500 care home beds throughout 2024 in the UK, either through planning or under construction.

Mark Quigley, managing director at Beaufort Capital, commented “I am delighted to welcome LNT Care Developments into the Beaufort Capital fold, as its latest borrowing client.

“While this financing initially contemplates the funding of four new care home developments, it is anticipated that the portfolio will be added to and expanded over the coming months and years ahead.”

Matt Lowe, CEO at LNT Group, added: “With an ageing population across the UK, there is a huge requirement for new, purpose-built care homes to be developed over the coming years to ensure that every community in the country has a truly great place for their loved ones to live, work and visit.

“We look forward to working with the Beaufort team to continue to deliver an ESG-forward solution to improving the quality of care facilities across the country."

 



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