TAMPA and OVIEDO, Fla. — Aztec Group Inc. has arranged $5.1 million in loans to refinance two memory care communities, each totaling 20 units, in Florida. The borrower is a joint venture between Mayan Properties, Facility Investments and National Healthcare Associates.
Finance
Capital One Provides $16.3M Refinancing for PruittHealth Skilled Nursing Portfolio in Georgia, North Carolina
by Jeff Shaw
VALDOSTA, Ga., and DURHAM, N.C. — Capital One has provided a $16.3 million loan to PruittHealth. The financing will refinance three skilled nursing facilities and an intermediate care facility for those with disabilities in Valdosta, as well as a skilled nursing facility in Durham.
WASHINGTON, D.C. — HJ Sims has arranged $190 million in financing for Ingleside at Rock Creek, a continuing care retirement community in Washington, D.C. The funds will be used toward a 105-unit independent living expansion at the property named Creekside.
Red Stone Partners Arranges $18.8M in Bonds to Preserve Three Affordable Communities in Los Angeles County
by Jeff Shaw
LOS ANGELES — Red Stone Tax-Exempt Funding LLC recently provided $18.8 million in bond financing to BlueGreen Preservation and Development. The tax-exempt bonds will be used to acquire and rehabilitate a 90-unit portfolio of affordable seniors housing properties in the Los Angeles metro area.