SunTrust Provides $28.6M Acquisition Financing for Seniors Housing Tower Near Miami

AVENTURA, Fla. — SunTrust Bank provided $28.6 million in financing for the acquisition of Imperial Club, a seniors housing tower in the Miami suburb of Aventura.

The borrower was Imperial Club LP. Funding will also support renovations to allow for a more interactive community environment.

Adding 10,000 square feet to the main level, renovations will include refurbished elevators, an enhanced dining room, new open living spaces, theater room, salon, fitness center and rehab facilities.

Minor cosmetic upgrades including paint and artwork are underway, and larger renovations will continue throughout 2019. No residents will be displaced during scheduled renovations.