Sunrise Gets $80 Mil in Debt Financing From GE Capital

By remstaff & By Globe Street | August 02, 2001 at 01:01 AM

MCLEAN, VA-GE Capital refinances previous loan on 11 properties, including nine in the Washington area.

The other two properties are in Boca Raton, FL, and Mercer Island, WA.

The transaction is a refinancing on a loan that originated between Sunrise and GE Capital in 1994.

Sunrise officials were not immediately available for comment, and a GE Capital representative was not aware of the terms of the previous loan.

The refinancing has a three-year term with optional extensions.

Sunrise operates 200 homes for seniors in the US, Canada and UK.

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