$4.4 Million Senior Housing Loan Funded
|ST PETERSBURG, FL – Bison Financial Group, a real estate advisory firm based here, announces the closing and funding of a Senior Housing Facility SBA 7(a) acquisition loan.
The 137 bed adult-care facility is located in Upstate NY with Bison arranging the loan on a fixed rate 10-year term. With the assembled team working together for the first time, all parties worked seamlessly through the loan process with Bison’s “special sauce” allowing a seller held note to achieve 100% LTC.
|Fun fact: Bison was introduced to the client from a long-time business associate who realized the loan request was not in his wheelhouse. The introduction was made and Bison was able to quickly determine the best loan structure and lender to fund the loan. Once stabilized, this property will establish a foundation to allow the sponsor to look for potential acquisitions in the near term.
The principal’s of Bison Financial Group can tailor a similar loan scenario across all aspects of the commercial income producing real estate spectrum.