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Indiana Memory Care Refinance
MIG arranged a $5MM+ refinance for a 48-unit standalone Indiana memory care facility.
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Overview
MIG was engaged by a client seeking to refinance a 2016-built, 48-unit standalone memory care facility in Indiana. As the borrower approached loan maturity with its existing lender, the property had stabilized to a point that positioned the client to fully repay both the in-place bank debt and the seller note from the original acquisition.
Results
MIG ran a competitive and targeted debt process that generated multiple aggressive term sheets. The selected lender, a specialized regional institution, was able to meet the client’s request at its target, including providing a $5+ million term loan.
Conclusion
Standalone memory care transactions are often less attractive to many lenders. This transaction highlights MIG’s ability to track active lender pipelines and target sponsor profiles, allowing the team to align each opportunity with the right lending solution.
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