Investor Subscription Closed - 55 Assisted Living Units in Staunton, VA Capital Raise for 55 unit assisted living investment opportunity in Staunton, Virginia has been successfully closed. Cedar Communities is proud to announce that the investor subscription for our 55 unit assisted living offering in Staunton Virginia has been successfully closed. Thank you to the investors who have joined us. For more information on future assisted living investment opportunities please visit our contact page https://cedarlp.com/contact/.
MMCC Arranges $4 Million Non-Recourse Cash Out Refinance Loan MIAMI, October 18, 2018 – Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged a $4 million non- recourse loan with to refinance a 31 unit (44 bed) assisted living facility located in South Carolina. “Cedar Communities acquired the property last year for $1.9 million and added significant value. We were able to provide a full cash out of $2.1 million above their purchase price about a year ago. The lender was comfortable providing a nonrecourse loan with [...]