Hi. I'm looking for a senior housing lender for a $23 mm refinancing transaction in Minneapolis/St Paul area. Facility has 103 Assisted Living and Memory Care units. It's beautiful, opened in Mar 2020 and is now half full. Should be stabilized by July 2021 with a stabilized value of $40 million. Seeking just 2 year financing; anticipated take out with other long term debt then. Must accept PACE financing in the capital stack I far prefer a direct lender but if broker, please be specific about fees, your experience with senior housing and how you can help. This has a very rapid turnaround.
Feb 26, 2021