Cinnamon Care Collection has refinanced two luxury homes with lender Leumi UK in a £23 million arrangement: Watermeadow Grange in Exeter and The Gables in Worcestershire.

The Cinnamon Care Collection is a group of 19 luxury care homes and retirement developments across the UK.

Stuart Norris, commercial director at Cinnamon, said: “Leumi UK’s excellent track record, long-term outlook and specialist expertise in healthcare property made it an easy decision to expand our relationship.”

The deal was supported by real estate company Knights.

Knights’ real estate partner Paul Kenny added: “This is great news for Cinnamon Care Collection. The new funding underscores their commitment to providing personalised, high-quality later-life care.”

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