WASHINGTON, D.C. — The U.S. Department of Housing and Urban Development (HUD) has released production data for its FHA 232 mortgage insurance program, which finances seniors housing properties, for the 2019 fiscal year ending Sept. 30.
Finance
VIRGINIA and TEXAS — Meridian Capital Group’s seniors housing and healthcare team arranged $58 million in senior and mezzanine financing to refinance a portfolio of memory care facilities in Virginia and Texas. The team also arranged the sale of an assisted living and memory care facility in Richmond, Va., and arranged $6 million in acquisition and construction financing in conjunction with the sale.