Contemporary Healthcare Capital Provides Mezzanine Loan to Refinance 43-Bed Memory Care Community in Washington

PORT ANGELES, Wash. — Contemporary Healthcare Capital (CHC) has provided $975,000 in mezzanine financing to refinance a 28-unit, 43-bed memory care community.

The property is located in Port Angeles, along the Salish Sea approximately 80 miles northwest of Seattle. The 16,693-square-foot, single-story community was renovated in 2016.

The financing was part of a $5.5 million loan package to refinance the construction loan. CoastalStates Bank was the lender.