HFC announces the November 2016 closing of a conventional construction financing for the development of Indigo Hall, a state of the art assisted living facility, located in the James Island section of Charleston, South Carolina. The construction loan for Indigo Hall is $22,657,598. This assisted living facility will have 156 units, 40 of which will be on a separate floor dedicated to memory care. Construction will begin immediately with an expected completion date of June 2018.
As the Borrower’s financing advisor, HFC arranged the financing and assisted with both the negotiation of loan terms and settlement. The new facility will be managed by Affinity Living Group, LLC. To learn more about this community please visit Affinity’s website at: www.affinitylivinggroup.com