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KANSAS — Monarch Advisors has arranged $6.1 million in financing for the acquisition of two seniors housing communities in Kansas.
The buyer is a long-time owner-operator in Kansas senior care. The seller, price and location details were not disclosed.
A regional bank provided the funds. The three-year, floating-rate loan is structured with no financial covenants and interest-only payments for the first 18 months, converting to a 25-year amortization schedule thereafter.