Bank Leumi Provides $9.3M Acquisition Loan for Two Assisted Living Communities in Florida

VIP Care Pavilion Memory Care VIP Care Pavilion Memory Care

MARGATE and DAVIE, Fla. — Bank Leumi has provided $9.3 million in financing for the acquisition of two assisted living properties in Florida.

The borrower was a South Florida-based owner. The two properties are VIP Care Pavilion Memory Care, a 111-bed community in Margate, and God’s VIP Senior Haven, a 20-bed community in Davie.

The loan has a five-year term and features a 25 year amortization. Priority Life Care will operate both communities.

Hely Santeliz of Bank Leumi originated the loan.

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