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Thorofare Capital Provides $15.4M Acquisition Financing for 100-Unit Community in Palm Beach, Florida

PALM BEACH, Fla. — Thorofare Capital has funded a $15.4 million loan for the acquisition of an assisted living and memory care community in Palm Beach.

Built in 2001, the asset features 100 units. The borrower is a regional owner-operator.

The financing represents a 65 percent loan-to-value ratio and 48-month term with extension options. The transaction features future funding for capital expenditures.

The post Thorofare Capital Provides $15.4M Acquisition Financing for 100-Unit Community in Palm Beach, Florida appeared first on Seniors Housing Business.

Source: Senior Housing Business

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