An £8.3m loan from Cynergy Bank will be used to fund Country Court Care Group’s development of a 63-bed residential care home in Halesowen, Birmingham.
A family-run business, Country Court Care Group has provided specialist residential care for over 40 years. The new project in Birmingham will be the Group’s 37th care home development.
Country Court Care Group director Al-Karim Kachra said: “We are excited to bring this new 63-bed residence to the people of Birmingham. We’re looking forward to building a strong business relationship with Cynergy Bank- it has been a pleasure to work with the Cynergy Bank team on this deal and we are grateful for their support throughout the process.
Carl Bowcher, senior relationship director at Cynergy Bank, added: “It has been a real pleasure working with the Group, and we are happy to have been able to support their ambitions with this £8.3 million loan. Cynergy Bank has long history of supporting the care home industry, and the Group have the both the experience and presence to really make an impact in this sector. We look forward to working with County Court Care Group in the future.”