Lument recently helped Advantage Living Centers refinance its 67-bed senior care facility in Armada, Michigan. Set on a 33-acre campus, the 55-year-old facility provides skilled nursing, rehabilitation and memory care, and is the preferred provider for both Henry Ford and McLaren Macomb hospitals. It is one of 11 facilities that Advantage Living Centers owns and operates in the state.
Brad Competty of Lument’s Columbus, Ohio office and Adam Walter of the Overland Park, Kansas office led the $10.8 million HUD refinance, which took out existing bank debt that Advantage Living Centers used to acquire the property in 2016.
