AVANA Capital Provides $17.2M Acquisition Loan for 94-Bed Facility in Wichita

WICHITA, Kan. — AVANA Capital has provided a $17.2 million bridge loan for the acquisition of Healthcare Resort of Wichita, a 94-bed assisted living and memory care facility 12 miles from downtown Wichita.

The borrower is Mainstreet Property Group LLC. The property was completed in 2016, featuring 70 skilled nursing beds and 24 assisted living beds. The property is still in the process of obtaining an operating license.

More News