NEW YORK – Commercial Real Estate Finance (CRE-Finance) has created a new Senior Living Facilities Division within its firm. The expansion will cater to senior housing developments, with $60 million in financing to be arranged for two new assisted living and memory care facilities in New York and Ohio.
WRC Development Partners LLC has retained CRE-Finance to secure a $26 million construction loan for the 115-unit, 130-bed, Town Club Powell assisted living facility development in Columbus, OH. The development company also retained CRE-Finance to obtain $34 million in construction financing for a 132-unit, 172-bed, senior living facility in New Windsor, NY.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
