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Senior Housing Facility Obtains Permanent Financing

VANCOUVER, WA-The 58-unit Highgate Retirement Villas had been recently completed and leased up quickly. Its owner received $4.56 million in permanent financing through the Irvine, CA office of Chicago-based Capri Capital.

By Brian K. Miller | Updated on September 25, 2001

VANCOUVER, WA-Capri Capital says it has arranged financing totaling $4.56 million for a 58-unit independent and assisted living facility in Vancouver. The property was funded with a ten-year fixed rate Fannie Mae DUS Senior Housing loan with 25-year amortization.

Highgate Retirement Villas was recently completed and leased up quickly. Situated in a residential and commercial mixed area in the City of Vancouver, Highgate consists of (14) studio, (24) one bedroom and (12) two-bedroom and (8) villas homes. It offers the full package of assisted living services, a swimming pool, a spa and a large clubhouse.

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