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Sunshine Retirement Living has been one of the fastest growing U.S. senior living providers in recent years, expanding a middle-market model with roots that trace back to Holiday Retirement.
A good portion of that growth came during Covid-19, and the effort was “extremely difficult” in many regards, including with certain banking relationships, Sunshine CEO Luis Serrano said during a recent SHN+ TALKS experience.
He called out one bank in particular that did not grant forbearance on a construction loan, reduced the loan term, and tried to impose other requirements. Ultimately, the loan ended up in technical default and Sunshine paid it off.
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The post After ‘Horrible Experiences’ with Some Banks, Sunshine Retirement CEO Bullish on Expanded Portfolio appeared first on Senior Housing News.
Source: For the full article please visit Senior Housing News
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