HFC announces the December 2016 closing of a conventional construction financing for the development of Bryson Senior Living, an assisted living facility located in Swain County, North Carolina. The construction loan for Bryson City is $4,240,000 and is accompanied by a $190,000 note for furniture, fixtures, and equipment. This assisted living facility will have 33 units with 50 total beds. Construction will begin immediately with an expected completion date of December 2017.
As the Borrower’s financing advisor, HFC arranged the financing, coordinated the inter-creditor agreement between the senior and subordinate lenders, and assisted with both the negotiation of loan terms and settlement. The new facility will be managed by Affinity Living Group, LLC, the largest provider of assisted living services in North Carolina. To learn more about this community please visit Affinity’s website at: www.affinitylivinggroup.com