Oak Grove Capital, a national lender, recently closed seven loans for senior housing across the U.S. totaling $50.9 million. The deals were closed between May 28 and June 30, and range from $3.9 million to $18.2 million each.
The largest loan is for TowerLight Senior Living, a 113-unit community in St. Louis. TowerLight will feature an intergenerational child- and elderly care program, a fitness center, salon, library, game room, theater, arts and crafts room, and more.
The other loans are for senior living facilities located in Montana, North Carolina and Wisconsin.
This article originally appeared on McKnight's
