The construction financing will fund the firm’s 217,123-square-foot, luxury senior living development, which will span three buildings and 201 units.
April 15, 2021 at 12:54 PM
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Owner and operator of senior living facilities, Royal Senior Care has secured $41.9 million in construction financing for the development of a 217,123-square-foot, luxury senior living facility in Miami, FL.
The healthcare group of the commercial bank, BHI arranged the financing on behalf of the borrower, Royal Senior Care. BHI provided $31.9 million in financing for the project and Coastal States Bank has provided $10 million in financing.
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