DALLAS—Hunt Mortgage Group has closed its first loan in the healthcare sector through its Proprietary Loan Group, the firm's new balance sheet lending platform launched earlier this year, GlobeSt.com has exclusively learned.

Hunt Mortgage Group provided a bridge loan in the amount of $8.85 million to refinance Autumn Leaves of Rockwall, an assisted-living facility located in Rockwall, east of Dallas.  The borrower is Rockwall Memory Care LLC; the parent company is Irving-based The LaSalle Group. The loan terms include a 24-month term, plus one 12-month extension option. 

“The proprietary loan platform was created to extend our balance sheet lending capability to finance commercial properties in a variety of asset classes,” Greg Calvert, senior managing director and chief credit officer at Hunt Mortgage Group.  “We are pleased to close our first healthcare deal through the program.”

Other asset classes the proprietary lending group services include manufactured housing, office, retail, industrial and self-storage facilities.

Autumn Leaves of Rockwall is a 26,245-square-foot facility that is licensed for 50 beds. It was built in 2011 and is a one-story building located on a 3.187-acre parcel of land. 

The LaSalle Group has 27 existing facilities and 15 under construction.

The Hunt Mortgage Group deal team involved in the financing included James Neil, director of healthcare lending, and Jenifer Williams, who led the underwriting team.