VIUM Funds $14.2M Bridge Loan for Memory Care Expansion in Tennessee

by Jeff Shaw

TENNESSEE — VIUM Capital has provided a $14.2 million bridge-to-HUD loan for a 79-unit assisted living community in Tennessee.

The financing provided $12.8 million for the acquisition of the property, as well as $1.3 million for an expansion that will add eight memory care units.

The borrower has operated the facility since its recent construction. Further details were not disclosed.

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