MidCap Financial announced that it recently closed financing for AlerisLife (formerly Five Star Senior Living). The $95 million floating rate first mortgage loan is secured by 14 high-quality senior living communities totaling 1,477 units in the Southeast, Midwest, and Northeast. The communities are all owned by AlerisLife and operated by their Five Star Senior Living brand. MidCap’s loan enhances AlerisLife’s liquidity position and provides funds for capital improvements across the portfolio.
MidCap Provides Liquidity for AlerisLife
