Senior Living 

$25,000,000 Bridge-to-Agency

Location: Katy, Texas
Loan Amount: $25,000,000
Term: 3 Years
Amortization: Interest Only
Execution: Bank

District Capital is pleased to announce this recent closing. The loan provided the borrower a balance sheet, floating-rate loan to take out its construction loan. The 3-year bridge loan will give the client time to prepare the property for a permanent agency execution. The winning lender provided an incredible low-cost loan and can facilitate the agency loan as a DUS lender.