Seniors Housing W Minnesota

Everest Real Estate Advisors closes on $12 million loan for seniors housing facility in Minnesota

Minneapolis-based Everest Real Estate Advisors recently closed on a $12 million loan for Select Senior Living, a 90-bed senior housing facility in Coon Rapids, Minn.

Minneapolis-based Everest Real Estate Advisors recently closed on a $12 million loan for Select Senior Living, a 90-bed senior housing facility in Coon Rapids, Minn.

Financing was based on a 3.25 percent/35-year term and a 35-year amortization schedule HUD 232/223 (f) refinance and was arranged for the borrower, Coon Rapids Select Properties, LLC, by Everest Real Estate Advisors through Walker and Dunlop.