JLL Provides $18.7M HUD Financing for Elk River Senior Living in Minnesota

by Jeff Shaw

ELK RIVER, Minn. — JLL Capital Markets has provided $18.7 million in financing for Elk River Senior Living in Elk River, approximately 30 miles northwest of Minneapolis.

The community offers independent living, assisted living and memory care services. The HUD/FHA 232/223(f) loan equates to $173,151 per unit.

The community was built in 2018. The loan consolidates five debt obligations from the project’s construction into a single, HUD-insured loan.

Jeff Lepley and Alex Sheaffer led the JLL team.

You may also like