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The expansion consists of new building and construction and restoration to existing structures. Building commenced in early July 2020 and is 34% complete since May 31, 2021. HJ Sims completes 2 funding packages HJ Sims and affiliates finished the following funding plans: HJ Sims offered a high leverage bridge loan for the successful acquisition of a Utah senior living community featuring 55 units of assisted living and memory care, with mountain views from its hilltop area in a growing regional market.

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The buyer focuses on helped living and presently manages over 1,600 units in more than 25 neighborhoods across five states in the western U.S. Sims partnered with Live Oak Count on the loan to money the acquisition, and organized funds for capital enhancements. Sims Home loan Funding set up a $7 million HUD loan for Marien-Heim of Sundown Park, a 169-unit, Area 8 senior apartment in Brooklyn, New York, sponsored by a not-for-profit community advancement company.

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Terms of the financing were not disclosed. Found Here -year, drifting rate loan originated from a national bank, and brings full-term interest with extension choices. When finished, the Town at Morehead will be managed by Bridgewood's wholly-owned subsidiary, Retirement Center Management. Mass, Advancement provides $8M bond plan for Massachusetts CCRc Mass, Advancement provided an $8 million tax-exempt bond on behalf of Glenmeadow, a CCRC in Waltham, Massachusetts.

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The upgrades will also include fixing and upgrading the natatorium; repairing and changing the roofing system; resurfacing roadways and parking locations; redesigning and reconstructing sidewalks; and finishing other basic center improvements. Peoples, Bank purchased the bond, which will likewise be utilized to refinance formerly released debt. Fitch announces bond score updates on 3 CCRCs Fitch Rankings revealed the following bond rankings updates: Fitch appointed a "BB" company default score to Presbyterian Retirement Communities Northwest Obligated Group, doing business as Changing Age.