Senior Housing

Salt Lake City office arranges $3 million refinance of Bestland Senior Care in Coeur d’Alene, Idaho

SALT LAKE CITY (July 5, 2017) Salt Lake City’s production team arranged financing of $3,000,000 for Bestland Senior Care, a senior care facility located in Coeur d’Alene, Idaho. The transaction was structured with a 10-year term on a 25-year amortization schedule. Salt Lake City arranged financing for the borrower through its relationship with a regional bank.

“We were able to find a regional bank that would provide a competitive financing solution on a difficult product type in a tertiary market for our valued clients,” said Pinnock.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 36 offices across the U.S. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.