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GAINESVILLE, Ga. — JLL Capital Markets has arranged an $18.5 million refinancing for Manor Lake Gainesville, a 88-unit, recently constructed assisted living and memory care community in Gainesville, approximately 50 miles northeast of Atlanta.
JLL worked on behalf of the borrower, Manor Lake Development LLC, to secure the non-recourse, floating-rate loan through a debt fund.
Manor Lake Gainesville was completed in 2019. The property offers studio, one-bedroom and companion suites ranging from 421 to 558 square feet.
Joel Mendes and Trent Niederberger led the JLL Capital Markets Debt Advisory team representing the borrower.