NIPOMO, Calif., GRAPEVINE and BUDA, Texas — Harborview Capital Partners, a New York-based commercial real estate finance, equity and advisory firm, has closed $33.2 million in loans for seniors housing communities in California and Texas.
The first loan was a $16.2 million construction loan for a 110-bed assisted living and memory care facility in Nipomo, located along the coast between Los Angeles and San Francisco.
The second loan was a $10.9 million acquisition loan for a 100-bed skilled nursing facility in the Dallas suburb of Grapevine.
The third loan was a $6.1 million construction loan for a 48-bed assisted living facility in the Austin suburb of Buda.
Avi Begun, senior originator with Harborview, closed all three transactions. The borrowers and names of facilities were not disclosed.