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GREENVILLE, S.C. — SunTrust Banks Inc. (NYSE: STI) was sole lender on a $67 million loan to fund an expansion project for Rolling Green Village in Greenville.
The nonprofit continuing care retirement community (CCRC) currently serves approximately 650 residents on a 175-acre campus. The community was originally built in 1986.
The expansion will add 60 new independent living apartments and 23 stand-alone cottages to the property. Common area expansions include a new community center, several new private and bistro dining venues, multipurpose rooms, an art studio, library, salon, additional parking, outdoor spaces and walking trails.
Construction began in August 2018 for a planned completion by fall 2020.