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ORLANDO — SunTrust Bank has provided a $39 million loan to Orlando Senior Health Network, which the owner-operator will use to expand Orlando Lutheran Towers in Orlando.
The project will add 33 skilled nursing beds to the continuing care retirement community, along with 45 new full-time employees to serve the new residents.
The $39 million loan includes both funds for capital improvements and refinancing of existing debt. Renovations are scheduled to begin this summer with the project scheduled for completion in 2018.