ROCKWALL, Texas — Hunt Mortgage Group has provided an $8.9 million bridge loan for the refinance of Autumn Leaves of Rockwall, an assisted living and memory care community in Rockwall, a northeast suburb of Dallas.
Autumn Leaves of Rockwall is a 26,245-square-foot community licensed for 50 beds. The facility was built in 2011 and is a one-story building located on a 3.2-acre parcel.
The loan has a 24-month term with a 12-month extension option. The borrower is Rockwall Memory Care LLC, a subsidiary of Texas-based developer The LaSalle Group.
James Neil, director of healthcare lending, originated the loan for Hunt and Jenifer Williams led the underwriting team.
The loan represents Hunt’s first healthcare-sector deal through its Proprietary Loan Group, the New York-based firm’s new balance sheet lending platform.