BMO Harris Provides $35.3M Construction Financing for 171-Unit Community in Jacksonville

JACKSONVILLE, Fla. — BMO Harris Healthcare Real Estate Finance, as sole lender, has provided a $35.3 million loan for the construction of Grand Living at Tamaya, a 171-unit seniors housing community in Jacksonville.

The borrower is a partnership between Ryan Cos. and Grand Living. The property will offer independent living, assisted living and memory care.

In 2014, real estate developer Ryan Cos. and owner-operator Grand Living formed a joint venture to develop seniors housing communities across the United States.

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