KeyBank Real Estate Capital provides $13.8 million in funding
Sentio Healthcare Properties has gained a $13.8 million loan to refinance Carriage Court of Hilliard, a 102-unit assisted living and memory care community in this Columbus suburb. KeyBank Real Estate Capital recently closed the 35-year loan through a Department of Housing and Urban Development program. Additional terms of the loan include a low, fixed-interest rate and 35-year amortization schedule. Senior Vice President Jack Boudler with KeyBank's Senior Housing and Healthcare Group worked with the borrower to arrange the financing. With the loan, the borrower was able to refinance the community back to the original principal balance, Boulder said.