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.
Finance
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.
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.