The Challenge

Following a joint venture between purpose-driven real estate investment firm, FORE Partnership and luxury care community operator, Amicala, were looking for funding to support their first acquisition. This is part of their strategy to develop up to £300M worth of ultra-sustainable net-zero extra care later living schemes across the UK. 

Opportunity & Outcomes

Working closely with real estate funding specialist, ASK Partners, we were able provide a combined senior loan facility to support this first acquisition. Aurélien Collignon, Partner of FORE Partnership, said: “Setting off on our journey to create ultra-sustainable and socially impactful extra care communities, it was essential that we chose ASK and OakNorth Bank, as both of them share our values and vision.” Our ability to work side by side with another lender, whilst also using our experience of providing leading care home owners, operators and developers with efficient, long-term solutions, has meant the partnership is in a good position to achieve its ambitious growth plans.