ORLANDO, Fla. — Bank Leumi has provided a $4.8 million loan for Green Tree Assisted Living, a 75-bed assisted living community in Orlando.
The loan features a three-year term and 25-year amortization.
The transaction will refinance existing debt at a lower interest rate for the Clearwater-based borrower. The loan will also provide an equity recapture to fund a 20-bed expansion at the property.
Hely Santeliz originated the loan.