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NASHVILLE, Tenn. — SunTrust Bank has provided a $68.3 million loan to GoodWorks Unlimited LLC, a seniors housing provider with communities in Kentucky and Tennessee, for the refinancing of its portfolio.
GoodWorks’ properties feature independent living, assisted living and memory care components. The organization will use the loan proceeds to refinance existing debt and expand its facilities.
Currently 11 of GoodWorks’ 23 facilities are positioned for expansion.
Harborview Capital Partners advised GoodWorks during the transaction, selecting SunTrust Bank as the capital provider.