Seniors Housing N Illinois

Lodge Financial secures $2.9 million in financing for senior living facility

Lodge Financial secures $2.9 million in financing for senior living facility,ph1

Lodge Financial has secured $2.89 million in acquisition financing for a 39-unit senior independent living facility located in Metropolis, Illinois. The five-year, 4.95 percent fixed rate loan has a 25-year amortization.

Lodge Financial’s Matthew Lebenson closed the deal for the purchase of Misty Meadows Senior Living Center, an independent living community in Metropolis, near the southern border of Illinois and Kentucky. The subject property was built in 2013 and is comprised of 39 units. At the time of closing, the center was 100 percent occupied.