KeyBank Real Estate Capital wraps up $12 million package

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KeyBank Real Estate Capital recently closed three loans totaling approximately $12.3 million for Emeritus Senior Living. Approximately $6.4 million will be used to refinance Emeritus at Saddleridge Lodge, an 80-unit senior housing property built in 1997 in Midland, TX. Another $3.7 million of the funding will be used to refinance Meadowbrook Assisted Living Community, a 55-unit senior housing property built in 1986 in Ontario, OR. The final $2.1 million will be used to refinance Emeritus at Seville Estates, a 45-unit assisted living and memory care senior housing facility built in 1996 in Amarillo, TX.
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