Oak Grove announces loan for IA facility

Oak Grove Capital has closed a $3.6 million refinancing loan for Senior Suites of Urbandale. The 63-unit building, which offers assisted living and memory care, is located in Urbandale, IA, just northwest of Des Moines.

The loan, a HUD FHA Section 232/223(a)(7) refinance transaction, was arranged by Tony Washington, Oak Grove Capital vice president.