BHI has closed the refinancing of a $30 million loan for a senior living facility with 199 beds in Davie, Florida. The borrower is Royal Senior Care, which owns and operates senior living facilities in the Southeastern United States with a primary focus in South Florida.
The facility, which opened in 2017, is spread over a three-building campus and includes independent and assisted living, as well as memory care.
"Healthcare is a highly strategic vertical within BHI and Royal Senior Care has a robust track record in the senior living sector as a successful owner and operator," said Tami Antebi, Senior Vice President and Head of BHI Healthcare.
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