New Closed Assisted Living Bridge Loan $3,143,000
|Loan Type: Bridge Loan||Loan Amount: $2,795.000 First Mortgage|
|Loan Term: 3 Year||Loan to Value: 75%|
Property Type: Senior Housing with Memory Care
The borrower consortium consisted of several highly experienced operators with syndicated equity. They identified an older facility with a terrific layout and the ability to increase the memory care component of the facility without ground-up construction or large structural changes. Combining both new debt capital through Wilshire and capital through the borrower’s syndicated equity, Wilshire structured a facility set aside capital for improvements and operating expense deficits while the property was in transition.,
- Nationwide Direct Portfolio Lender, with two Real Estate Debt Funds.
- Entrepreneurial Approach, Institutional Sophistication and Discretionary Capital.
- Fast, Easy, Flexible Financing Solutions