Wisconsin Assisted Living
$1,300,000 loan to refinance existing debt on the property and provide working capital to the borrower for outside projects.
The residential care facility provides communal senior living for residents that have early symptoms of dementia.
Appraised value included business valuation based on current/similar management company remaining in place.
Many residents receive county and private assistance for rental payments.
Financing structure allowed the borrower to refinance debt on other proprties and complete build-out at another facility.
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