NEWS & EVENTS - SELECTED CLOSINGS
Closing Type:
Facility Type:
6/1/07
Hope, NJ
Hope, NJ
Forest Manor Nursing Home
RMC provided a $15,545,553 loan to finance the new construction/renovation of Forest Manor Nursing Home. The project was constructed
in two phases and financed under a construction/bank loan. This project is the addition of 78 beds and the renovation of an existing
42-unit nursing and rehabilitation center. Phase one dealt with the construction of the new addition and phase two consisted of the
renovations to the existing building. The facility now provides skilled nursing care to 120 residents.
HUD Multifamily Apartments
Property
Loan Amount
Colony House
(Providence, RI)
(Providence, RI)
$4,640,000
Poughkeepsie Village Senior Citizen Apartments
(Poughkeepsie, NY)
(Poughkeepsie, NY)
$1,752,800
Wisteria Way Apartments
(Manning, SC)
(Manning, SC)
$1,305,200
HUD Healthcare Facilities
Property
Loan Amount
St. Thomas More
(Hyattsville, MD)
(Hyattsville, MD)
$37,123,600
Suffield by the River
(Suffield, CT)
(Suffield, CT)
$8,505,300
Bala Nursing & Retirement Center
(Philadelphia, PA)
(Philadelphia, PA)
$12,626,400
Conventional Multifamily Apartments
Property
Loan Amount
Evergreens at Lost Mnt. Phase II
(Dallas, GA)
(Dallas, GA)
$3,400,000
Evergreens at Mahan II
(Tallahassee, FL)
(Tallahassee, FL)
$15,650,000
Colonial Square
(Utica, NY)
(Utica, NY)
$18,340,000
Conventional Healthcare Facilities
Property
Loan Amount
Forest Manor Nursing Home
(Hope, NJ)
(Hope, NJ)
$15,545,553