GAINESVILLE, Fla. — Ziegler, a specialty investment bank, has provided a $94.3 million refinancing for The Village at Gainesville, a 639-unit independent living, assisted living and memory care community in Gainesville.
The Florida-based borrower is SantaFe Senior Living, the nonprofit operator of the community.
The Village at Gainesville features 511 independent living units and 128 assisted living/memory care units. The property is located on 104 acres. The independent living units offer board and care services, allowing residents to maintain their “independent” status longer.
The FHA-insured mortgage offers a 35-year fixed rate below 3.5 percent. The refinancing lowered debt service and recapitalized the facility.