RED Closes $11.1M Fannie Mae Refinance for MBK Community in Utah

by Jeff Shaw

CLEARFIELD, Utah — RED Mortgage Capital, the proprietary mortgage banking arm of RED Capital Group LLC, has closed an $11.1M Fannie Mae loan for MBK Senior Living to refinance Chancellor Gardens of Clearfield, an assisted living and memory care community in Clearfield about 25 miles north of Salt Lake City.

Chancellor Gardens is a 130-unit community constructed in 1999 and expanded in 2009.

Founded in 1986, MBK owns and operates 13 communities across California, Utah, Arizona, Colorado and Washington. 

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