PGIM Funds $28.3M Refinancing for Three Communities in North Carolina

by Jeff Shaw

GOLDSBORO, GATESVILLE and CHARLOTTE, N.C. — PGIM Real Estate Finance has provided a $28.3 million Fannie Mae loan to Affinity Living Group for the refinancing of three senior living properties located in North Carolina.

The properties include Eagles Point, a 69-unit assisted living facility in Goldsboro; Gates House, a 49-unit assisted living and memory care community in Gatesville; and Northlake House, a 43-unit memory care community in Charlotte.

Christopher Fenton, principal in PGIM Real Estate Finance’s senior housing group, originated the loan, which includes a variable rate, 10-year term and 30 years of amortization.

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