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Transaction Details

Senior Living Development Loan


Oswego, Illinois

  • Loan Amount: $52,200,000
  • Project Type: Senior Living Development

Transaction Overview

StackSource recently arranged financing for the new development of a senior living community located in Oswego, IL, a Chicago suburb. 

The project will house 35 independent living townhomes, 76 Assisted Living units, and 29 Memory Care units providing a comprehensive range of services to the elderly population. Construction is expected to begin in March 2023 and is estimated to take 16 months. 

Senior Managing Director Beth Mercante successfully arranged the capital stack which comprised 37.7M in senior debt and 14.5M in preferred equity.

MBP specializes in debt and equity placement for all asset classes. Our extensive network of unique capital sources in development and permanent financing and extensive capital markets knowledge allows us to tackle a wide variety of transactions, regardless of complexity or size, to benefit our clients.

MBP has a team of dedicated and experienced finance professionals with you at every step. We are consistently improving and expanding our capital market relationships and are committed to exceeding our client's expectations through these relationships, innovative solutions, and outstanding work ethic.

Intermediaries Team

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