- Buy and Hold – Assisted living facility
- Loan Amount: $375,000
- Loan Term: 24 Months
- Interest Rate: 10.9%
- Residential asset
This borrower has an existing portfolio of assisted living facilities, and plans on including this piece as well. This property was newly remodeled, did not require any additional updates to it. She has managed assisted living facilities for the past 28 years in Arizona, and has been praised for the quality of life that the residents have at her facilities.
Our borrower has proven herself with her years of experience in caring for these properties, and as an income producing property this buy and hold loan was great to bring together, and get financed on time. Another positive aspect to this deal is how hardy the assisted living facility industry is, having withstood economic downturn better than other industries.