Development

KeyBank Provides $70M Development Financing for 241 Affordable Units in Lacey, Washington

by Jeff Shaw January 17, 2019

LACEY, Wash. — KeyBank Community Development Lending and Investment (CDLI) has provided $70 million in combined construction and permanent loan financing to AVS Communities.

January 17, 2019

Development Finance News

BMO Harris Funds $46.5M Development Financing for United Properties, Watercrest Community in Sarasota

by Jeff Shaw January 17, 2019

SARASOTA, Fla. — BMO Harris Bank’s Healthcare Real Estate Finance group acted as sole lender for a $46.5 million construction loan for the development of a 198-unit seniors housing community in Sarasota.

January 17, 2019

Development Finance News

Dougherty Provides $20.9M Construction Loan for Affordable Property in West St. Paul, Minnesota

by Jeff Shaw January 16, 2019

WEST ST. PAUL, Minn. — Dougherty Mortgage LLC has provided a $20.9 million HUD-insured loan for the construction of Darts Senior Apartments, a 172-unit affordable seniors housing property in West St. Paul.

January 16, 2019

Development News

Dr. Phillips Charities Completes 186-Unit Community in Orlando

by Jeff Shaw January 15, 2019

ORLANDO, Fla. — Dr. Phillips Charities has completed construction of HarborChase, a luxury independent living, assisted living and memory care community in the Dr. Phillips neighborhood of Orlando.

January 15, 2019

Development Finance News

Lancaster Pollard Arranges $22.5M Construction Financing for Skilled Nursing Facility in Walnut Creek, California

by Jeff Shaw January 15, 2019

WALNUT CREEK, Calif. — Lancaster Pollard Mortgage Co. has arranged $22.5 million in financing for the construction of Trellis Walnut Creek, a 59-bed skilled nursing facility in the Bay Area city of Walnut Creek.

January 15, 2019

Assisted Living Development News

Sodalis Opens 48-Unit Expansion in Buda, Texas

by Jeff Shaw January 15, 2019

BUDA, Texas — Sodalis Senior Living has completed a 48-unit expansion at its community in Buda, a suburb of Austin.

January 15, 2019

Development News

Ryan Cos., Grand Living Plan 174-Unit Community in Iowa

by Jeff Shaw January 11, 2019

WEST DES MOINES, Iowa — Ryan Cos. US Inc. and Grand Living have unveiled plans for a 174-unit seniors housing community in West Des Moines.

January 11, 2019

Development News

Tutera Completes $55M Community Near Kansas City

by Jeff Shaw January 8, 2019

PRAIRIE VILLAGE, Kan. — Tutera Senior Living & Health has completed construction of Mission Chateau Senior Living Community in Prairie Village, just south of Kansas City.

January 8, 2019

Assisted Living Development News

HFF Arranges $5.3M Sale of Assisted Living Site Within Mixed-Use Development in Metro Miami

by Jeff Shaw January 8, 2019

DORAL, Fla. — HFF has arranged the sale of a 1.3-acre development site in Doral, a first-ring suburb of Miami, for $5.3 million. An assisted living community is planned for the property, which is located within the 250-acre Downtown Doral mixed-use community.

January 8, 2019

Development Finance News Skilled Nursing

CBRE Provides $25.9M Development Financing for Skilled Nursing Facility in Illinois

by Jeff Shaw January 3, 2019

MUNDELEIN, Ill. — CBRE has provided $25.9 million in HUD financing for the development of Transitional Care of Lake County, a 185-unit skilled nursing facility.

January 3, 2019

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