BOCA RATON and ORLANDO, Fla. — Capital One has provided two loans — a $251 million bridge loan and a $300 million Freddie Mac seniors housing revolving credit facility — to Kayne Anderson Real Estate Advisors (KAREA). The loans will be used toward the planned $825 million acquisition of Sentio Healthcare Properties.
Finance
COLUMBUS, Ohio, and DALLAS — ORIX USA, a Dallas-based division of international financial services group ORIX Corp., has acquired Lancaster Pollard Holdings LLC. The acquisition price was more than $300 million, according to a report by Commercial Mortgage Alert.
PAWLEYS ISLAND, S.C. — SunTrust Bank has provided $11.3 million in construction financing to Ridge Care Senior Living. The capital will be used to build Arbor Landing at Pawleys, an assisted living and memory care community in the coastal town of Pawleys Island.