Bickford Senior Living refinanced two of its seniors housing communities in Iowa through HUD, with the help of John Randolph of KeyBank Real Estate Capital’s Commercial Mortgage Group and Grant Saunders of KeyBank’s Healthcare Finance Group. Bickford received $17 million in combined HUD financing, with fully amortizing 35-year terms.
Both communities were built in 1998, with the Davenport location including 35 assisted living and seven memory care units and the Marion campus comprising 31 assisted living and seven memory care units. They are two of Bickford’s 65 seniors housing operations in 11 states. In addition to visiting physical, occupational and speech therapists, services at both properties also include diabetic, incontinence and non-ambulatory care.
