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PHOENIX — Grandbridge’s Seniors Housing and Healthcare Finance Group has provided $11.3 million in financing for Avista North Mountain, a 132-unit assisted living and memory care community in Phoenix.
The borrower is Avista Senior Living. The funds, arranged through the FHA 232/223(f) program, will refinance existing debt on the property.
Richard Thomas, Meredith Davis and Kim Huffstutler of Grandbridge arranged the financing.