Elevation Closes Financing Transaction with Halebourne Group and Connaught Care

The home will provide new high-quality ensuite wetroom beds to a local community with a deep undersupply and will create new jobs for the local employment market.  The home will include premium amenities including an onsite bistro, private dining room, lounges, cinema and hairdressers, creating a luxury environment for residents, families and staff.

The new care home has been designed with strong environmental credentials to ensure operational efficiency while also greatly reducing reliance on fossil fuels with air source heat pumps, a maximised array of PV solar panels, EV charging spaces and water-efficient fixtures and fittings.  Once completed the home is targeting an EPC rating of A and a BREEAM New Construction rating of Excellent.

Connaught, an existing relationship with Elevation, is an award-winning operator of six high-quality prime care homes in the East and South East of England, comprising 444 beds.  With a dedication to high-quality care, and an impressive record of zero agency staff use to date, Connaught provides residential and residential dementia care in premium purpose-built environments.  Halebourne is a top-quality developer with an excellent track record in both residential and care, having completed 5 care home developments and with an active pipeline of ongoing and future schemes.

Zach Smith, Investment Director at Elevation said: “We are excited to continue our strong relationship with Halebourne and Connaught, expanding into credit alongside the existing relationship with our specialist private open-ended healthcare REIT.  Supporting Halebourne and Connaught’s growth aligns with our ambitions to work with best-in-class operators and developers to rapidly scale their business plans, so that we can continue to support the delivery of vital, needs-based, senior housing.”

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.

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This press release is issued by Elevation Advisors LLP, which is authorised and regulated by the Financial Conduct Authority. The information contained herein is provided for informational purposes only and does not constitute investment advice, an offer to buy or sell any financial instrument, or a solicitation of any kind. Past performance is not a reliable indicator of future results. Any forward-looking statements or projections are based on current assumptions and subject to risks and uncertainties that may cause actual outcomes to differ materially. This communication is intended solely for professional clients and eligible counterparties as defined by the FCA. It is not directed at retail clients and should not be relied upon by any person who does not meet the criteria for professional client classification. Investments may involve significant risk, including the potential loss of capital. Recipients should seek independent financial advice before making any investment decisions. While reasonable care has been taken to ensure the accuracy of the information provided, Elevation Advisors LLP makes no representation or warranty as to its completeness or reliability and accepts no liability for any loss arising from reliance on it.