Pioneer Realty Capital Arranges $7.2M Refinancing for Seniors Housing Community in Texas

PRINCETON, TEXAS — Pioneer Realty Capital LLC, a Texas-based lender, has arranged a $7.2 million refinancing for Villa Asuncion Independent and Assisted Living Center in the Dallas suburb of Princeton. The 176-bed community opened in 1998.

Pioneer Realty Capital used the government-backed SBA 504 refinance program to secure long-term financing. The new loan reduces the interest rate from 7.2 percent to a blended rate of 4.25 percent.