SHALIMAR, Fla. — SunTrust served has served as sole provider on a $40 million loan to Air Force Enlisted Village in Shalimar.
Finance
CITRUS HEIGHTS, Calif. — M&T Realty Capital Corp. has provided a $7.4 million bridge loan to refinance of a 48-unit memory care facility in Citrus Heights, approximately 15 miles northeast of Sacramento. The three-year, floating-rate loan is structured with interest-only payments for the entire term. Steven Muth of M&T Realty Capital Corp’.s Richmond, Va., office led the transaction.
KeyBank, Cain Brothers Secure $27.8M in Financing for Affordable Development in Indiana
by Jeff Shaw
MISHAWAKA, Ind. — KeyBank Real Estate Capital and Cain Brothers have secured financing for the construction of Hellenic Senior Living of Mishawaka, an affordable assisted living facility in Mishawaka, located just east of South Bend near the Michigan border.