Full-service commercial bank BHI has closed on the refinancing of a $30 million loan for a senior living facility with 199 beds in Davie, Florida. The borrower is Royal Senior Care, which owns and operates senior living facilities in the Southeastern United States with a primary focus in South Florida.
“Healthcare is a highly strategic vertical within BHI and Royal Senior Care has a robust track record in the senior living sector as a successful owner and operator. At BHI, we are dedicated to building long-term relationships with our clients. We are pleased to continue our collaboration with the company and provide ongoing support of their business objectives,” said Tami Antebi, senior vice president and head of BHI Healthcare.
The facility, which opened in 2017, is spread over a three-building campus and includes independent and assisted living, as well as memory care.
“The expert healthcare team at BHI understands the complexities of the senior housing sector and worked diligently on our refinancing of this facility,” said Sean Kanov, managing director of Royal Senior Care. “They are familiar with our business and it has proven to be a very productive relationship.”
