MIAMI, FL – Owner and operator of senior living facilities, Royal Senior Care has secured $41.9 million in construction financing for the development of a 217,123-square-foot, luxury senior living facility in Miami, FL.
The healthcare group of the commercial bank, BHI arranged the financing on behalf of the borrower, Royal Senior Care. BHI provided $31.9 million in financing for the project and Coastal States Bank has provided $10 million in financing.
The facility, Oasis at Coral Reef will comprise three buildings situated on an 8.7-acre campus. Located adjacent to Jackson South Medical Center, the facility will offer 201 catered living, assisted living and memory care units, as well as a restaurant-style dining, boutique hotel décor and various luxury amenities.
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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.
