Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced various financing transactions for senior housing communities in Tucson, Arizona, Real Estate Daily News reports.
Marcus & Millichap Capital assisted the buyer, a limited liability company and senior housing operator, with securing acquisition financing for two 30-bed assisted living and memory care communities. The firm also helped the buyer refinance their existing Tucson Assisted Living and Memory Care portfolio. Total financing consideration totaled $4.61 million, representative of a loan-to-value (LTV) ratio of 125%, providing the buyer with working capital to improve the assets. Read more.
