Metropolitan Capital Advisors Arranges $18.8M Construction Loan for 124-Bed Community in Alabama

by Jeff Shaw

MADISON, Ala. — Metropolitan Capital Advisors has arranged $18.8 million in construction financing for Shepherd Living at the Range, a 124-bed assisted living and memory care community in the Huntsville suburb of Madison.

Cobalt Seniors and Shepherd Health are developing the 91,000-square-foot community on 13.7 acres.

Kevan McCormack, senior director at Metropolitan, arranged the loan through a regional credit union.

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