Elevation Credit Partners I (“ECP I”), a senior housing credit fund advised by Elevation Advisors LLP (“Elevation”), has completed the exit of its financing partnership with Oakland Care (“Oakland”) following the refinancing of a portfolio of operational care homes across South-East England. The refinancing resulted in the full repayment of ECP I.
The financing represented Elevation's inaugural investment under its senior housing credit strategy series, launched in August 2021. ECP I provided development-to-term loans to Oakland over a five-year investment period, supporting the construction and stabilisation of six purpose-built care homes comprising 441 beds.
Source: Press release sent 20th of August