Property developer Zephyr X has taken out an £8.8 million bridging loan to support a purpose-built 70-bed care home and seven supported living apartments in Blackburn, Lancashire.

The loan was provided by Blackfinch Property which stated that it will allow Zephyr X to build up occupancy and trading performance, positioning it for a refinance onto a long-term commercial mortgage.

The care home will be energy efficient, with an EPC B rating and electric vehicle charging points and bicycle racks on site.

Jason Wong, assistant investment manager at Blackfinch Property, said: “We are proud to continue our relationship with Zephyr X as they deliver much needed care solutions in Blackburn. This facility addresses an urgent demand for modern, sustainable care homes while also delivering significant benefits to the local community. By supporting developers through every stage of their project lifecycle, we’re helping to ensure that essential infrastructure is in place to meet the growing needs of the UK’s ageing population.”