MidCap Financial closed an $18.7 million first mortgage loan. The four-year, floating-rate loan refinanced the existing indebtedness on a seniors housing community in a coastal Southeastern market. The sponsor is an experienced Southeastern-based real estate investment firm. The community is newer and comprises more than 100 independent living, assisted living and memory care units. It is in the process of stabilizing.
Real Estate Investment Firm Obtains Financing
