Metro Bank has funded the £6.65m refinancing of Cinnamon Care’s 50-bed Hartwood House Care Home in Lyndhurst, Hampshire.
Cinnamon Care operates eight purpose-built care homes across England, as well as boasting a significant number of development opportunities.
Declan Walsh, managing partner at Cinnamon Care, said: “We are pleased to have refinanced Hartwood House with Metro Bank. This is the second transaction we have completed with the bank and we continue to be impressed with the service it provides. Cinnamon looks forward to developing the relationship further as we deliver our development pipeline.”
Denis Knockton, head of mid-market healthcare at Metro Bank, said: “We’re absolutely delighted to have been able to support Cinnamon Care with this finance solution. Cinnamon is a well-known and well-respected provider that has a great reputation both in the sector and among the public. I look forward to continuing to work closely with them and supporting them with their future ventures.”
Metro Bank works with a range of care owners, operators and investors and over the years has built strong relationships with specialist accountants, solicitors and consultants across the healthcare sector.