Harborview Closes $11.2M Refinancing for Assisted Living Communities in Florida

FORT LAUDERDALE, Fla. — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has funded two loans to refinance assisted living facilities in Florida.

The first loan was $6.7 million for the refinance of a 136-bed assisted living facility on the Gulf Coast. The loan features 12 months of interest-only payments, a 20-year amortization and a five-year term. 

The second loan was $4.5 million for the refinance of a 160-bed assisted living facility just outside of Fort Lauderdale. The loan features a floating rate 2.5 percent above LIBOR, three-year term and 30 percent recourse.

The borrower is a New York-based owner. The specific names and locations of the communities were not disclosed.

Harborview’s principals, Ephraim Kutner and Jonathan Kutner, originated the financing.