SunTrust Provides $38.2M Financing for Six-Story Expansion at CCRC in Virginia

by Jeff Shaw

LYNCHBURG, Va. — SunTrust Bank has provided a $38.2 million loan for a six-story healthcare center at Westminster Canterbury-Lynchburg, a nonprofit continuing care retirement community in Lynchburg.

The first two floors of the expansion will offer parking and administrative offices, while the upper four floors will include 84 private skilled nursing rooms.

Construction is scheduled for completion by late spring 2019. In addition to the new construction, Westminster Canterbury-Lynchburg will renovate its three main dining areas and re-design its wellness center. These upgrades will be completed in 2018. Additional renovations to potentially add 15 assisted living accommodations would be scheduled after 2019.

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