Magnolia Senior Living, LLC
INDUSTRY: Healthcare
LOAN DETAILS
Location
Dawsonville, Georgia
Term
30 years
Prepayment Penalty
10,9,8,7,6,5,4,3,2,1
History
Thomas USAF Group originated and underwrote this $7.1 Million USDA B&I loan to Magnolia Senior Living, LLC. The loan proceeds were used to finance the construction of an assisted living facility on six acres of land in Dawsonville, Georgia. The 48,385 square foot facility will have 70 rooms and 96 beds.
At closing of the construction loan, TUSAF will purchase the guaranteed portion of this loan from Touchmark National Bank, paying them a premium and cashing them out of the guaranteed portion of this loan.
Over the last 10 years, Thomas USAF Group has originated, underwritten and processed over 126 HealthCare loans totaling $445MM in 12 states which created or saved 5,000 jobs. Let the lending experts help you with your HealthCare loan needs!