Construction lending jumped in the second quarter of 2021 in both senior housing and nursing care, according to the latest Lending Trends Report from the National Investment Center for Seniors Housing & Care (NIC), reports Senior Housing News.
In senior housing, banks closed on more than $395 million in the quarter while in nursing care they lent more than $118 million, increases of more than 46% and 70% from the previous quarter, respectively.
In senior housing, that’s the largest increase since Q4 of 2017. Read more.
