PEORIA, Ill. — Healthcare real estate developer Caddis has hired McShane Construction Co. to build a new Heartis luxury assisted living and memory care community in Peoria.
Assisted Living
GRANITE BAY, Calif. — Cain Brothers Funding LLC, the mortgage banking affiliate of Cain Brothers, has arranged a $13.7 million mortgage loan for Eskaton Lodge Granite Bay, a 105-unit nonprofit assisted living facility in Northern California. The proceeds of the FHA loan were used to retire existing bank debt and an interest rate swap. As a result of the refinancing, Eskaton was able to eliminate the risks associated with the bank debt/swap structure and replace it with a 35-year fully amortizing loan with a fixed mortgage note interest rate of …
BURLINGTON, Wisc. — Blueprint Health Care Real Estate Advisors has brokered the sale of Arbor View Communities in Burlington for $8.55 million. Arbor View is a 50-unit assisted living and memory care community consisting of two distinct buildings built in 2008 and 2011.