Live Oak Bank closed a $27.2 million refinance for an 89-unit assisted living/memory care community in Woodbury, New York (Long Island). The community is stabilized and operated by Benchmark Senior Living. Benchmark Senior Living and its joint venture partner, Iron Point Partners, LLC, developed the community in fall 2019. Chad Borst, the Senior Loan Officer at Live Oak Bank, arranged the loan.
Live Oak Bank Lands Long Island Loan
