RED Mortgage Capital LLC, the mortgage lending arm of capital provider RED Capital Group, has completed an $11.4 million HUD-insurance refinancing of a balance sheet bridge loan to complete two acquisitions for Livewell Senior Living in Florida.
Livewell at Courtyard Plaza is a 68-unit community located in north Miami, Fla., with 102 assisted living beds and 18 memory care beds. Livewell added limited mental health (LMH) licensing to the Courtyard Plaza facility license to allow them to accept residents in need of limited mental health care.
Livewell at Coral Plaza is located in Margate, Fla., which is part of the Miami-Fort Lauderdale-Pompano Beach Metropolitan Area. It is a 100-unit community with 120 assisted living beds and 20 memory care beds.