MIAMI — Pillar has arranged an $11.9 million loan to refinance the Residential Plaza at Blue Lagoon, a 14-story, 350-unit seniors housing facility in Miami.
Finance
CBRE National Senior Housing has arranged an $18.3 million construction loan for a joint venture between Pathway Senior Living and Virtus Real Estate Capital. The joint venture will build Azpira Place of Lake Zurich, a 120-unit assisted living community in the Chicago suburb of Lake Zurich.
Contemporary Healthcare Capital Provides $1.5M Acquisition Loan for Community in Kansas
by Jeff Shaw
ELKHART, Kan. — Contemporary Healthcare Capital LLC has provided a $1.5 million senior mortgage loan to a Colorado-based operator for the acquisition of a 103-bed skilled nursing facility and assisted living facility in Elkhart, a small town near the Oklahoma and Colorado borders.