Omni agrees £30m care home facility
The facility, which has a four and a half year term, will help LNT expand its development pipeline across the UK.
Dan Smith, head of structured finance at Omni Capital, said: “We were impressed by LNT’s proposition, which was based on quality and deliverability.
“Whilst we do not routinely cater to the care homes market, this demonstrates our appetite for expansion into new areas when circumstances are right.
“LNT is a market leader, and their unique experience as both a care provider and developer made them stand out from the rest of the industry.”
Lawrence Tomlinson, chairman of LNT Group, added: “Omni Capital is a perfect partner for us.
“As property experts, they understand the nature of our construction business, thus streamlining the decision-making process.
“They have a clear appetite to provide creative structured solutions which fill the gap left by the continued absence of mainstream bank lending.”