UK-based business bank, Allica Bank, has launched a new healthcare investment proposition to support investors looking to buy or refinance care and nursing homes.
The new proposition builds on Allica’s existing support for established healthcare businesses and now offers finance against select residential care properties on an investment basis supporting landlords investing in residential care and nursing homes, as well as supported living and group homes, while also extending to properties let to local authorities or housing benefit-funded tenants under commercial lease structures.
It marks the latest step in Allica’s commitment to the healthcare sector following the expansion of its lending and product flexibility in support of UK healthcare operators.
“Healthcare remains one of the most resilient areas of the UK economy,” said Anthony Newman, senior specialist relationship manager for Healthcare at Allica Bank. “By expanding our proposition to include residential investment, we are opening up more lending options for operators looking to invest and grow.”
