Walker & Dunlop said that it structured $37,466,300 in financing for four assisted living and memory care facilities. The properties are Bloom at Bluffton in Bluffton, South Carolina; Bloom at Hilton Head in Hilton Head, South Carolina; Cascades of Tucson, in Tucson, Arizona; and Regency Jackson in Jackson, Tennessee.
The Bloom Portfolio, comprised of two assisted living and memory care communities with 117 total units in South Carolina, was sold to WindRiver Companies. Locust Point Capital financed the deal. The $11.325 million acquisition financing featured an 85% loan-to-value with a two-year term. Read more.
