Fortwell Capital Funding Increase Backs Retirement & Care Living

Posted on: December 23rd, 2020

Cinnamon Care Collection

Fortwell Capital is backing the retirement and later life living sector – increasing funding to Cinnamon Care Collection to £65m.

Cinnamon Care Collection is a developer and operator of retirement and luxury care homes – and the increased lending will enable the firm to grow its development pipeline with five purpose built care homes set to begin construction in 2021.

Nick White, Associate Director at Fortwell Capital who’re set to be involved in the Retirement & Later Life Living Conference in 2021, said: “We always keep a close eye on our borrowers’ development pipelines, and invariably ensure our facilities are revolving so funds can easily be drawn as required. 2020 has been an extraordinary year which has sadly brought the current mixed-quality of senior living assets and need for more fit-for-purpose care home space into sharp focus. Cinnamon Care Collection is an exciting outfit with a strong track record of both building high quality care homes, and operating them to an exceptional standard. We’re pleased to take our relationship a step further with the facility extension, which will enable us to continue supporting the delivery of their high spec pipeline next year.” [emaillocker id=”71749″]

Fortwell Capital is now one of the leading financial backers in the sector – lending over £300m to the space with plans to grow even further. They’ve helped enable the deliver of over 3,000 new care beds since 2014.

Stuart Norris, Cinnamon Care Collection, said: “Fortwell Capital has been an exemplary funding partner to date, demonstrating an acute understanding of our business and the wider care sector. The team’s specialist expertise has been central to the quick progress we have made at our Stourbridge and Sutton Coldfield sites, and we welcome their extended support as we look to progress a number of new sites next year.”

Register for the Retirement & Later Life Living Conference here: https://www.built-environment-networking.com/event/retirement-later-life-living-development-conference/

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