Florida & Gulf Coast + South Florida + Finance | March 3, 2023

BHI has closed the refinancing of a $30-million loan for a Royal Senior Care senior living facility with 199 beds in Davie, FL.

BHI Refinances $30M Loan for Senior Living Facility in Davie

New York, NY-based bank BHI has closed the refinancing of a $30-million loan for a senior living facility with 199 beds in Davie, FL. The borrower is Royal Senior Care, which owns and operates senior living facilities in the Southeastern US with a primary focus in South FL.

The refinanced facility, which opened in 2017, is spread over a three-building campus and includes independent and assisted living, as well as memory care.

“Healthcare is a key sector for BHI, and we are here to support the growth of our clients and the industry in general,” said Steven Caligor, EVP and head of real estate and healthcare at BHI.

BHI, the US division of Israeli financial institution Bank Hapoalim, provides commercial banking solutions to middle market clients in sectors including: commercial real estate; general, C&I; private equity; food and beverage; apparel; healthcare; corporate banking and high tech.

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BHI's Caligor

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.