The assisted living complex itself will be the collateral that secures the loan, and lender may ask you to put up other assets to consummate the deal. Hard money lenders typically finance only a percentage of the purchase price of the assisted living complex- usually.
Glendale assisted-living development secures $59M in. – Willis Development, a commercial observer, based in West Hollywood, has announced that it will build Sage Glendale Senior Living facility on 509-525 W. Elk Boulevard. Moreover, it will include 81 assisted living units and 28 memory care units. Willis, a senior life development firm, will take about a year to build projects.
Southern California Multifamily Asset Sells for $78.5M – Promenade Terrace, a 330-unit multifamily community located in Corona, Calif. has recently changed hands for $78.5 million, or approximately $238,000 per unit. Promenade Terrace in Corona, Calif..
Why It's Gotten Harder to Secure a Senior Housing. – Across the U.S., some developers are finding it a little more difficult to get money to build new senior housing projects. And it’s not just the developers saying that. Some of those big.
Glendale assisted-living development secures $59M in financing The assisted life project in Glendale received $ 59.4 million in financing, indicating that the demand for high-end homes has increased.
Mixed-use retail development Shops on Hill in Pasadena sold for $13.4. PS Business Parks Inc. (PSB) in Glendale surpassed Wall Street’s expectations on both earnings and revenue in its third.
CINCINNATI, COLUMBUS and HILLIARD, Ohio – Mortgage banking firm merchants capital has arranged $49 million in financing for three assisted living communities in Ohio. The borrower was Wallick Communities, which develops affordable assisted living and memory care communities. The bridge.
Meridian Capital Secures $23M for Illinois Community The equity and bridge financing was obtained on behalf of Odessa Partners and used for the purchase of Stratford Trails, a community in.
CBRE Secures Financing for Century west partners’ 0m MF project april 19, 2016 CBRE’s Capital Markets’ Debt & Structured Finance team secured $124.6 million in financing for Century West Partners to develop Next on Lex, a mixed-use luxury multifamily project in Glendale, CA.
Business executives are taking a more conservative view of what had been bullish optimism about both the U.S. economy and prospects for their own companies earlier this year, according to the.