CARBONDALE, Ill. — Love Funding, a lender specializing in HUD loans, has closed an $11.3 million bridge loan for Landings of Carbondale, a 92-unit assisted living and memory care community under development in the southern Illinois city of Carbondale.
Finance
HAMILTON, N.J. — RED Capital Partners LLC, the debt and equity banking arm of capital provider RED Capital Group, has arranged a $36.4 million first mortgage construction loan for Homestead Senior Living LLC to build Homestead at Hamilton, a 195-unit independent living, assisted living and memory care community in Hamilton.
Lancaster Pollard Refinances Bridge Loan to $13.3M Permanent Financing for Community in California
by Jeff Shaw
MADERA, Calif. — Lancaster Pollard has arranged the refinancing of an $11.3 million bridge loan into a $13.3 million non-recourse FHA permanent loan for Cedar Creek Senior Living, a 112-unit independent living, assisted living and memory care community in Madera, a small town between San Francisco and Los Angeles.
SEATTLE — CBRE has arranged a $19.1 million loan for seniors housing investment company Capitol Seniors Housing (CSH) to acquire Maple Leaf Assisted Living & Memory Care, a 119-unit independent living, assisted living and memory care community in Seattle.