DECATUR, Ga. — BMO Harris Bank’s Healthcare Real Estate Finance group has closed a $44.2 million in construction and mini-perm financing for Solomon Holdings. The capital will be used to build The Holbrook of Decatur, a 200-unit seniors housing community in the Atlanta suburb of Decatur.
The community will feature 71 independent living units, 96 assisted living units and 33 memory care units. The upscale property is located near Emory University and will feature multiple dining venues, a spa, indoor pool and more.
Choate Construction Co. will build the community, which CDH Partners designed. Once completed, Speak Life Management will be the operator.
Construction began in April, and an estimated completion date has not yet been announced.