Christopher Fenton and Catherine Eby of Colliers Mortgage, in partnership with Health Financing Consultants, closed a $10.4 million HUD loan for the refinance of The Cottages of Perry Hall in Parkville, Maryland. The 64-unit seniors housing community features private residential units within four 16-unit cottages and provides assisted living and memory care. The project is situated on 3.2 acres. Occupancy was around 95%. The new loan, which replaced a combination of bank and mezzanine debt on the property, carries a 35-year term/amortization and was arranged for Charter Senior Living.
Colliers Mortgage Closes HUD Loan in Maryland
