19/05/2026

Elevation Credit Partners III (“ECP III”), a senior housing credit fund advised by Elevation Advisors LLP (“Elevation”), has extended financing of c. £60m to MACC Group (“MACC”) to provide development financing for three new prime care homes and an investment term loan secured on a high-quality care home to refinance development debt and provide working capital to the wider group.

The three new construction projects, forming part of MACC’s development programme over the next 2-3 years, are located in areas with a notable undersupply of wetroom facilities and will collectively add 244 wetroom beds.  Each project, meeting MACC’s high standards for comfort and design, aims for an EPC rating of A upon completion and will incorporate renewable and low carbon technologies, including PV solar panels.

MACC is a care home and senior living operator and developer with a portfolio comprising over 1,300 predominantly ensuite wetroom beds in 18 care homes, as well as 4 senior living schemes.  This financing builds on Elevation’s strong partnership with MACC, beginning in 2023, and reflects Elevation’s ongoing commitment to supporting the sustainable growth of the business.

ECP III’s strategy is to provide high-quality operators and developers of UK senior housing real estate with a range of customised loan financing options including investment term loans, development loans, mezzanine loans and preferred equity.  Loans can be sized between £10m and £100m, with LTV of up to 80% and development LTC of up to 85%, over a term of 2 to 5 years and will be used to support acquisitions, developments, lease-up, refinancing and recapitalisation.

Zach Smith. Elevation is a specialist investment manager in the European senior living and healthcare real estate sector.
“We are excited to continue our strong relationship with MACC built over the last 3 years with a significant multi-scheme financing package tailored to the group’s ambitions.  Supporting MACC’s growth, with the group’s very high standards in both operations and build quality, aligns squarely with ECP III’s purpose of working with best-in-class operators and developers to deliver bespoke funding solutions for sustainable growth.

With the continuing urgent need for high-quality care beds designed for the UK’s growing elderly population, we recognise the importance of funding schemes which deliver wetroom provision to local communities with large undersupplies, and so we are delighted to finance these construction projects with high ESG specifications.”

Zach Smith, Investment Director at Elevation

Overview image features Millfield Rose Care Home, financed by ECP II in partnership with MACC Group.

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