Columbia Pacific Advisors refinanced two of its seniors housing communities, enlisting Ziegler as its exclusive financial advisor to close the transactions. The communities in question are The Landing at Lake Worth in Lake Worth, Florida, and The Linden at Stonehaven Square in Tulsa, Oklahoma. Each 134-unit community offers assisted living and memory care services. Chicago Pacific Advisors developed the Florida property in late 2018 and the Oklahoma property in late 2017 as part of its strategy to expand into the southern United States. To refinance existing the construction loans, Ziegler’s Senior Housing & Care Finance Practice closed two bridge debt placements totaling $37.75 million, which will also provide additional proceeds for reserves and closing costs.
Ziegler Refinances Two AL Communities
