Lument Secures Acquisition, Refi Loans for Two Texas Senior Care Facilities

Lument has provided a $21.1 million bridge loan for the refinancing of Hermann Park, an 80-bed seniors housing property in Houston. The facility offers assisted living and memory care services. A Lument team led by Doug Harper originated the financing, which carried a 36-month term and a one-year extension option, on behalf of the borrower, California-based owner-operator Silverado.  

The same Lument financing team led by Doug Harper provided an $18.6 million bridge loan for the acquisition of Barton Springs, a 56-bed seniors housing property in Austin. The facility offers assisted living and memory care services. The Harper Team originated the financing, which carried a 36-month term and a one-year extension option,  on behalf of the borrower, California-based owner-operator Silverado.