In late 2021, Elevation launched a new debt-financing strategy that provides flexible solutions to senior-living developers and healthcare operators across the UK. We provide whole loans in excess of £20m to developers and operators with strong track-records in the UK senior-living space to fund developments and acquisitions.
A good example of this debt-financing strategy is our loan to best-in-class healthcare operator to fund seven care home developments. The operator currently has nine luxury care homes across London and the South East – and they have an ambitious ESG strategy having achieved Greenmark accreditation and becoming the first UK care group to be certified as carbon neutral by the Carbon Neutral Trust across its entire portfolio. Impressed by their success story, Elevation’s loan commitment offered an integrated financing solution spanning the construction and lease-up phase of each development, allowing the operator to significantly increase their rate of development of new elderly care communities.
The strategy has grown in strength and has a significant number of transactions in execution. Investors partnered with Elevation for our experience in healthcare real estate, and the investment allows them to increase their exposure to a compelling sector driven by demographic trends that has shown to be resilient to market cycles.