LCS Development Secures $90M Loan For Senior Housing Expansion In Greenville

The seniors housing development at 100 Hickory Street in Greenville, NC, known as Cypress Glen, underwent an expansion and renovation project totaling $90 million. The project included the addition of 57 independent living residences and upscale amenities, enhancing the community for its residents.

Summary of transation details:

• Property Type: Senior Housing
• Transaction Amount: $90,000,000
• Landlord: Joel Nelson - LCS Development
• Address: 100 Hickory Street
• Market: Greenville, NC
• Acres: 95

LCS Development, represented by Joel Nelson, secured the financing for the project, demonstrating a commitment to providing quality living spaces for seniors in the community. The addition of the independent living residences and upscale amenities reflects a dedication to enhancing the overall experience for residents at Cypress Glen.