CIT Arranges $34M Refinancing for Community Near Houston

RICHMOND, Texas — CIT Group served as sole lead arranger for a $34 million financing for an assisted living community in Richmond, approximately 25 miles southwest of Houston.

The loan will refinance construction debt on the Delaney at Parkway Lakes, a 207-unit community.

The borrower is a joint venture between Blue Moon Capital Partners and LCS. The lender was not disclosed.