Unity Trust Bank has provided funding to the Whiteley Homes Trust for the delivery of the latter’s Eliza Palmer Care Hub in Whiteley Village, Surrey, which will positively impact as many as 500 vulnerable individuals.
The finance package was provided through a partnership between Unity Trust Bank and Triodos Bank — which included funding for the refinance and development — with capital repayments suspended during the development phase and converting to amortised facilities over the committed term.
Members of the Whiteley Village retirement community will be provided with innovative social and care facilities by the Eliza Palmer Care Hub, which opened last month.
The Whiteley Homes Trust aims to house and support older people of limited financial means, enabling them to live in a self-contained community, which offers important social and clinical support.
“The funding requirement exceeded each bank’s maximum loan size, but by working collaboratively we have demonstrated an ability to deliver an ethical alternative to offers from mainstream lenders in funding significant projects, such as this,” said Matt Conroy, relationship manager at Unity Trust Bank.
Lindsey Podolanski, chief operating officer at Unity Trust Bank, added: “The new Eliza Palmer Care Hub represents a key milestone in Whiteley Village, providing contemporary care and social space that will enrich the trust’s ongoing delivery of numerous valuable services well into the future.”
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