ROSEMOUNT, Minn. — Dougherty Mortgage LLC has provided a $13.7 million Fannie Mae loan for the refinancing of The Rosemount Senior Living at Steeple Center in Rosemount, about 25 miles south of Minneapolis.
Finance
SULLIVAN, Ind. — R4 Capital has provided $6.7 million of tax credit equity to Historic Sullivan Lofts, an adaptive re-use and conversion of two historic structures. The development will provide 40 units of seniors housing to the rural community of Sullivan.
Monticello Provides $16.5M Bridge Loan for 119-Bed Skilled Nursing Facility in Tennessee
by Jeff Shaw
TENNESSEE — An affiliate of Monticello Asset Management LLC has provided a $16.5 million loan to Nashville 832 Wedgewood Property LLC for the acquisition of a 119-bed skilled nursing facility in Tennessee. The name and specific location of the property were not disclosed.
ROHNERT PARK, Calif. — Cushman & Wakefield’s Senior Housing Capital Markets Group has arranged $20.6 million in construction financing for Clearwater at Sonoma Hills, a 90-unit assisted living and memory care community in the Sonoma County metro of Rohnert Park.
WASHINGTON, D.C. — Fannie Mae provided more than $67 billion in financing for 750,000 multifamily units in 2017, the highest volume in the history of the Washington, D.C.-based government-sponsored lender. Seniors housing accounted for $5.5 billion of that total, an increase of 267 percent from $1.5 billion in 2016.