MidCap Financial Provides $4.5M Bridge Loan to Compass Senior Living

PAYSON, Ariz. — MidCap Financial has arranged a $4.5 million bridge-to-HUD loan to refinance Compass Senior Living's Majestic Rim Retirement Living, located in the Phoenix suburb of Payson.

Majestic Rim is a 50-unit independent living facility built in 2006.  Compass purchased the property in 2014 an underperforming asset.

MidCap's bridge loan will refinance existing debt on the property.

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