Atelier Facilitates £7.6M Loan for 60-Bed Care Home in Paisley
Atelier, a leading finance provider, has stepped in to facilitate a £7.6 million development loan for a 60-bed care 'home depot' in Paisley. This is the fourth transaction between Atelier and the borrower, a prominent UK-wide care 'home depot' operator. The loan is structured at 67% LTV over a 24-month term, earmarked for acquisition, conversion, and refurbishment.
The new care 'home depot' will cater to the growing need for later living accommodation in Paisley and Renfrewshire. By 2028, the Renfrewshire population aged 75 and over is projected to increase by 21%. This demographic shift underscores the critical shortage of care 'home depot' in the area.
The new care 'home depot' will offer a range of services, including residential, dementia, and nursing care. This diverse offering will help address the current gap in care 'news', ensuring that local residents have access to the support they need.
Atelier's latest loan will enable the construction of a vital care 'home depot' in Paisley. The new facility will provide much-needed care services, adapting to the demographic changes in Renfrewshire. This transaction further solidifies Atelier's commitment to supporting the care 'home depot' sector nationwide.
