Live Oak Bank announced it has closed a $13 million refinance loan for Oklahoma City, Oklahoma-based Mansions Senior Living. The financing supported the refinance of existing debt for a 94-unit assisted living and memory care community in Lawrenceville, Georgia, which originally opened in 2019. The property was still in lease-up when the COVID-19 pandemic began, and the subject loan will allow additional time for the property to complete that lease-up. Live Oak Bank’s Seniors Housing and Healthcare Real Estate lending platform provided the financing for this transaction.
Live Oak Bank Closes Refinance in Oklahoma City
