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Capital Funding Group Provides $27.2M Loan for Seniors Housing Conversion Project in South Florida

SUNRISE, Fla. — Capital Funding Group has provided a $27.2 million construction loan for the conversion of a partially completed hotel in South Florida to a 191-unit assisted living community.

The property is located at 3003 N. University Drive in Sunrise, about 10 miles west of Fort Lauderdale. The borrower, YMP Real Estate Management, will use $7.4 million of the financing to complete the shell construction.

YMP will also manage the seniors housing community when it opens. The construction timeline was not disclosed.

The post Capital Funding Group Provides $27.2M Loan for Seniors Housing Conversion Project in South Florida appeared first on Seniors Housing Business.

Source: Senior Housing Business

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