The two-year, 75% LTV loan will be used to refinance an existing loan and support the firm as it progresses with the sale of the final 118 homes across the four projects.

The retirement villages are located in Chalfont Dene, Buckinghamshire; Cooper’s Hill, Surrey; Ellerslie, Worcestershire and St George’s Place, Birmingham to support the ageing population in the areas.

Comprising 466 units in total, each of the villages will offer high-quality retirement living, as well as numerous amenities, including a swimming pool, gym, hair salon, library and restaurant, and access to landscaped environments. 

Support services are also available at all the villages for property owners and the local community 24 hours a day through Audley Care.

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Gary Burton, CFO at Audley Group, said: “We’re very pleased to be further strengthening our relationship with Silbury Finance. 

“This facility is a progressive step forward for Audley, increasing leverage for a smaller security pool, and for the integrated retirement sector more generally. 

“Our sector is chronically underserved and prime for expansion, driven by an ageing population, increasing demand and growing investment levels — ongoing relationships like this one with Silbury Finance enables us to give more people more choice over where and how they live as they get older. 

“We look forward to working with the team on our shared social impact and sustainability values both now and in the future.”

Following the completion of this deal, Silbury has now provided £200m of funding in the retirement living sector across seven schemes. 
In addition, the lender has originated approximately £230m of new lending since July.

Gavin Eustace, founding partner at Silbury Finance, commented: “The structural trends underpinning the UK retirement living investment case are highly compelling, namely a rapidly growing population of over 65s and the significant shortfall of suitable accommodation. 

“Despite current market volatility, our deal pipeline is strong, which should enable us, in partnership with best-in-class sponsors, to maintain our loan book growth.”