ANNISTON, Ala. — Contemporary Healthcare Capital (CHC) has closed an $830,000 mezzanine loan for the acquisition of Autumn Cove, a 56-unit assisted living and memory care facility located in Anniston, midway between Birmingham and Atlanta.
CHC’s senior lending partner on the transaction was United Community Bank.
Autumn Cove contains 32 assisted living and 24 memory care units. The 37,489-square-foot, single-story facility was originally constructed in 1999 and is situated on more than 20 acres.
A local owner sold the property to an entity related to Wayfinder Management Group.