Ziegler, a specialty investment bank, was financial advisor in two bridge debt placements totaling $37.75 million on behalf of Columbia Pacific Advisors to refinance the existing debt on The Landing at Lake Worth and The Linden at Stonehaven Square, two senior housing communities in Lake Worth, Florida and Tulsa, Oklahoma, respectively. Each community offers assisted living and memory care services and consists of 134 total units.
The financings collectively maximized proceeds to the borrower refinancing the original construction loans along with providing additional proceeds for reserves and closing costs, which will provide the borrower with additional flexibility in the future. Read more.
