MEBANE, N.C. — KeyBank Real Estate Capital has provided $15.5 million in Fannie Mae first mortgage financing for Mebane Ridge Assisted Living, a 65-unit seniors housing property in Mebane.
The one-story assisted living and memory care facility was built in 2014 and is situated on 7.9 acres of land. Mebane is approximately midway between Durham and Greensboro.
Charlie Shoop of Key’s Commercial Mortgage Group arranged the fixed-rate financing with a 10-year term, two years of interest-only payments and 30-year amortization schedule. The loan was used to refinance existing debt.