Regional Bank Provides $41.1 Million Construction Loan For Senior Housing In East Islip

The property involved in this transaction is a senior housing facility located at 117 East Main Street in East Islip. The asset encompasses 88,000 square feet on 4.27 acres of land. A construction loan amounting to $41,100,000 has been secured for this development.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $41,100,000
• Loan Type: Construction
• Lender: Regional Bank
• Landlord: National Development & Benchmark Senior Living
• Broker: James Dooley - JLL

JLL Capital Markets is responsible for arranging the construction financing for this project, which will provide 90 assisted living and memory care units. The development is a joint venture between National Development and Benchmark Senior Living, reflecting collaboration in providing senior care solutions.