YORKTOWN, Va. — Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance Team has arranged a $13.7 loan through BB&T bank for the construction of The Crossings on the Peninsula, a new seniors housing community in southeast Virginia.
LAKE WORTH, Fla. — Big Rock Partners, a national real estate management and development firm, will begin construction this month on Atria at Villages of Windsor, a Class A seniors housing community in southern Palm Beach County.
BROKEN ARROW, Okla. — RED Capital Partners, the proprietary debt and equity banking arm of RED Capital Group LLC, has provided a $17.2 million construction loan to Prevarian Senior Living, a private equity investor and a healthcare system affiliate.
DYER, Ind. — Skilled nursing developer Mainstreet and operator Symphony Post Acute Network have opened Symphony of Dyer, a skilled nursing facility in Dyer approximately 30 miles south of Chicago.
DALLAS — Tradition Senior Living (TSL) has opened The Tradition-Lovers Lane Community, an independent living, assisted living and memory care community in Dallas.
GRAND RAPIDS, Mich. — Ziegler Capital Markets has arranged $57 million in financing for Beacon Hill at Eastgate, a CCRC in Western Michigan, which includes approximately $36 million for the community’s Phase II expansion.
LAKE CITY, Minn. — Wildamere Properties has completed construction of Bluffs of Lake City Senior Living, a community along the Mississippi River about 70 miles southeast of Minneapolis.
LAKEWOOD, Colo. — CBRE National Seniors Housing has secured a $36.3 million loan for the construction of The Village at Belmar, a 156-unit continuing care retirement community (CCRC) planned in Lakewood in metro Denver.
