GARDNER, Mass. — MassHousing has provided $9.3 million in financing to Retirement Housing Foundation for the preservation and renovation of Binnall House in Gardner, located approximately 60 miles west of Boston.
Development
SARASOTA, Fla. — Gardner Capital has received a reservation of housing tax credits from the Florida Housing Finance Corp. to fund the redevelopment of Amaryllis Park Place. The property is an 84-unit affordable seniors housing community in the Newtown area of Sarasota.
KALISPELL, Mont. — Ziegler, a specialty investment bank, has arranged a total of $65.4 million in tax-exempt, fixed-rate bonds for Immanuel Lutheran Corp., which operates a seniors housing community in Kalispell, approximately 75 miles south of the Canadian border.
DECATUR, Ga. — BMO Harris Bank’s Healthcare Real Estate Finance group has closed a $44.2 million in construction and mini-perm financing for Solomon Holdings. The capital will be used to build The Holbrook of Decatur, a 200-unit seniors housing community in the Atlanta suburb of Decatur.