Luxury care home and retirement development group Cinnamon Care Collection has secured a £23m funding arrangement with specialist lender Leumi UK.

The Cinnamon Care Collection is an exclusive group of 19 luxury care homes and retirement developments across the UK – driven by the aim of helping older people live happier and healthier at its award-winning developments through an individual approach and commitment to first-class care.

With the support of a specialist team of advisors at Knights, the group has refinanced two more luxury care homes with Leumi UK.

Real Estate Partner Paul Kenny and Construction Partner Deborah Ritchie worked with Cinnamon Care Collection to secure new funding to refinance Watermeadow Grange in Exeter and The Gables in Worcestershire – building on two other homes previously refinanced with Leumi, totalling a combined £42.5m.

Stuart Norris, Commercial Director at Cinnamon, said:

“Cinnamon is pleased to have completed the refinance of our latest luxury care home openings.  Leumi UK’s excellent track record, long-term outlook and specialist expertise in healthcare property made it an easy decision to expand our relationship.”

Paul Kenny, Partner at Knights, said:

“This is great news for Cinnamon and testament to the quality of their business and portfolio. It was a pleasure to work so collaboratively with the teams at Cinnamon, Leumi, Travers Smith and Osborne Clark to get the deal over the line.” 

Cinnamon Care Collection drew on the comprehensive range of expertise Knights has to offer as the fastest growing, and largest, regional professional services business in the UK.

With 23 offices nationwide, Knights is ranked within the top 50 UK law firms by revenue – providing multiple services to business clients alongside premium advisory services to private individuals.

Leumi UK and Cinnamon also worked with professional advisors at Osborne Clarke and Travers Smith.