Bayview Pace provided $4.3 million in C-PACE financing for a seniors housing community in the Detroit, Michigan MSA. Hampton Manor-Taylor comprises 65 assisted living and 16 memory care units with 102 total beds. There is extra capacity for shared rooms and/or additional companion units. The community is on six acres in Taylor, Michigan.
The project sponsor is Build Senior Living, which is based in Cape Coral, Florida, and has completed 21 communities totaling 1,634 units. The C-PACE funds are part of a refinancing on the already-completely Taylor community, which is substantially leased.
