KBREC Beach House Naples FL
|Size||$18 Million||Our Role||Lender|
KEYBANK PROVIDES $18 MILLION OF FINANCING FOR SENIORS HOUSING COMMUNITY IN FLORIDA
KeyBank Real Estate Capital provided an $18.1 million bridge loan to CPF Living Communities, a subsidiary of Chicago Pacific Founders, to acquire a seniors housing community in Florida. The property, Beach House Naples, includes 113 assisted living and memory care units in studio, one-bedroom and two-bedroom configurations. The property is operated by CPF Living Communities’ wholly-owned management company Grace Management Inc.