FINANCED
Lument Provides $41M Loan For Li'l Abner II Senior Housing Complex In Sweetwater, FL
400 Northwest 112th Avenue
Senior Housing
Financed 126 days ago
Summary
Loan
FLORIDA
Senior Housing
The Li'l Abner II senior housing complex in Sweetwater, Florida has secured $41 million in mortgage financing through a refinance loan provided by Lument. Developed by CREI Holdings, the 244-unit senior housing complex opened in April and has already received over 400 tenant applications. However, there are currently no available units listed for occupancy.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $41,000,000
- Address: 400 Northwest 112th Avenue, Sweetwater, Florida
- Market: Sweetwater
- Lender: Marc Suarez - Lument
- Landlord: Raul F. Rodriguez - CREI Holdings
Lument, the lending institution, provided $41 million in mortgage financing to support the Li'l Abner II senior housing complex. The landlord, Raul F. Rodriguez of CREI Holdings, successfully developed the 244-unit property in Sweetwater. Despite the high demand for the senior housing complex, with over 400 tenant applications, there are currently no available units listed for rent or sale.
Details
FINANCED
IMAGE: Raul F. Rodriguez & Marc Suarez
DATE: 12/29/2023
ADDRESS: 400 Northwest 112th Avenue
MARKET: Sweetwater
ASSET TYPE: Senior Housing ~ UNITS: 244
LENDER: Marc Suarez - Lument (@LumentCRE)
LANDLORD: Raul F. Rodriguez - CREI Holdings
LOAN AMOUNT: $41,000,000
LOAN TYPE: Refinance
NOTE: Lument has provided $41 million in mortgage financing for the 244-unit Li'l Abner II senior housing complex in Sweetwater, Fla., developed by CREI Holdings. Despite opening in April and receiving over 400 tenant applications, there are currently no available units listed.View on map
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Address400 Northwest 112th Avenue
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