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RIVERVIEW, Fla. — NorthMarq Capital has arranged $14.2 million in construction financing for Twin Creeks Assisted Living Facility, a 96-bed assisted living community in the Tampa suburb of Riverview.
The borrower is Lithia Assisted Living LLC, which plans to build a 55,035-square-foot community.
The transaction was structured with a three-year interest-only term. A regional bank and a private equity investor provided the capital.
Robert Hernandez, managing director in NorthMarq’s Tampa office, negotiated the loan.