Capital One announces $77.7M loan
Capital One announced it provided $77.7 million in financing to nine senior housing facilities in Arizona, California, Florida, Oregon and Utah. The breakdown was for five standalone memory care facilities, three independent living/assisted living facilities and one independent living, assisted living and memory care facility.
This was the second transaction Capital One has closed with Pacifica Companies, a real estate developer, owner, investor and investment manager. Pacifica's portfolio includes office, industrial, retail, net-leased single-tenant, multi-family, residential, senior housing and hospitality properties as well as land for development.