RED Closes $11.1M Fannie Mae Refinance for MBK Community in Utah

CLEARFIELD, Utah — RED Mortgage Capital, the proprietary mortgage banking arm of RED Capital Group LLC, has closed an $11.1M Fannie Mae loan for MBK Senior Living to refinance Chancellor Gardens of Clearfield, an assisted living and memory care community in Clearfield about 25 miles north of Salt Lake City.

Broker Q&A: Are we in a pricing bubble about to burst?

Based on the latest data of U.S. property and portfolio sales in seniors housing, 2015 is shaping up to be another strong year on the transactions front. According to Real Capital Analytics, deal volume year to date through August was up 32 percent compared with the same period in 2014, which also was considered a banner year.

Subscribe to this RSS feed