Capital Funding Group and Erickson Senior Living announced the closing of a $185 million construction loan to support the first phase of construction for The Grandview, a CCRC under development in Bethesda, Maryland. Phase I of this project, known as the West Village, will feature two 14-story buildings with a total of 501 independent living units. CFG closed the financing on August 16.
The Grandview, once completed, will be a seven-building senior living campus where residents will benefit from an integrated health and wellness model, including a concierge-level primary care practice and access to a full continuum of care. Developed and managed by Erickson, the community will feature 1,185 IL units and 214 AL/MC units. The new community is located at the former Marriott International headquarters.
