Carnegie Capital Structures $24.5M Construction Loan for Assisted Living Community in Connecticut

CONNECTICUT — Carnegie Capital has arranged $24.5 million in financing for the construction of a 130-bed assisted living and memory care community in Connecticut.

The lenders are a national, healthcare-focused bank and a participating regional bank. The borrower is a national healthcare development fund and its national operating partner. Further details on the community were not disclosed.

JD Stettin of Carnegie Capital sourced and structured the loan, which features a 4 percent interest rate.