Posted on Friday, February 24, 2012 at 12:56 pm CST
ACI recently closed $16,100,000 construction financing for a $20,000,000 total project cost, 120-bed Assisted Living Facility / Memory Care development in Ocala, Florida. The total financing of $16,100,000 was comprised of $13,600,000 construction debt financing as well as $2,500,000 in mezzanine financing.
Source: Advanced Commercial Credit
Posted on Thursday, February 09, 2012 at 12:19 pm CST
On January 3, 2012 ACI closed $26,040,000 construction financing for a student housing development in San Diego, CA. The $40,000,000 student housing development is being built adjacent to San Diego State University and expected to be complete by mid 2013.
Source: Advanced Commercial Credit