AUSTIN, Texas, and CINCINNATI — Capital One has provided a $65 million loan to Holiday Retirement to recapitalize two of its seniors housing communities.
New England Club in Cincinnati is a 253-unit independent living community with a wing of 12 assisted living units operated by Superior Home Care. Built in 1989, Renaissance Austin features 159 independent and assisted living units.
The financing features an adjustable rate and a flexible structure that allows Holiday to fold additional assets into the loan. The specific planned use of the funds was not disclosed.