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BETHESDA, Md. — Capital One, a Bethesda-based lender, has provided a $36.6 million loan for the acquisition of three seniors housing communities in Ohio.
The properties’ developer, Alcore Senior, was the seller. Meridian Senior Living acquired the communities and will take over operations. The communities were recently completed and are currently in the lease-up phase.
The specific names and locations of the communities were not disclosed. The loan features an adjustable rate.