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FLOWER MOUND, Texas — Red Capital Partners, the proprietary debt and equity banking arm of Red Capital Group, has arranged a $13.8 million balance sheet construction loan to an affiliate of Avanti Senior Living.
The loan will be used to build Avanti at Flower Mound, a 90-unit luxury assisted living and memory care community in Flower Mound, an affluent suburb of Dallas.
The community will consist of 50 assisted living units and 40 memory care units.
Avanti Senior Living has partnered with an affiliate of Iron Point Partners to develop a portfolio of Class A senior living communities throughout Texas and the southeastern United States. Avanti at Flower Mound is the third project to break ground.