JLL closes $20.3 Million HUD 232/223(f) refinancing for premier New Hampshire memory care community
United States, June 5 -- JLL Capital Markets announced that through its lending arm JLL Real Estate Capital, LLC, it has successfully closed a $20.3 million 232/223(f) insured mortgage loan backed by the U.S. Department of Housing & Urban Development, for Spring Village at Dover, a premier 50-unit / 56-bed memory care community located in Dover, New Hampshire.The financing will enable the property's private equity ownership to continue delivering specialized dementia care services while Woodbine Senior Living, a northeastern regional operator, maintains management of the high-performing asset.The HUD 232/223(f) program provides seniors housing owners with competitively priced, non-recourse financing featuring long-term fixed rates and flexi...
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