Fifty Stones Capital Facilitates $8.5 Million Refinance and Conversion Loan for Assisted Living Facility in Idaho
- Jun 28, 2021
- 2 min read
Updated: Jun 19
Boise, ID – [June 2021] — Fifty Stones Capital is pleased to announce the successful closing of an $8.5 million financing package to support the refinance and conversion of a property into a modern assisted living facility in Idaho. The deal reflects Fifty Stones Capital’s continued commitment to strategic, community-centered real estate investment and capital structuring.
The borrower, a regional healthcare-focused investor, sought to refinance existing debt while securing capital to renovate and reposition the asset as a high-quality assisted living residence. Fifty Stones Capital structured the deal to not only consolidate prior obligations, but also to unlock additional equity, allowing for critical upgrades to the property’s infrastructure, compliance retrofitting, and the implementation of care-focused amenities.
“This deal exemplifies our ability to move quickly and creatively to deliver tailored financing solutions for value-add opportunities in the healthcare space,” said a Mark Shea, CEO of Fifty Stones Capital. “We are proud to help bring essential senior living resources to one of Idaho’s fastest-growing communities.”
The project will transform the existing building into a state-of-the-art, 100-bed assisted living facility, featuring upgraded private suites, communal dining and activity areas, and 24/7 on-site care capabilities. The planned renovations are expected to meet Idaho’s latest senior housing standards and improve access to quality care for aging residents. The transaction was completed on time and within budget, with Fifty Stones Capital serving as both advisor and lender in collaboration with regional partners.
About Fifty Stones Capital Fifty Stones Capital is a private real estate investment and advisory firm focused on helping operators and developers unlock value through smart capital solutions. With a specialization in healthcare, multifamily, and niche asset classes, the firm delivers strategic financing tailored to each project's vision and impact.pansion or additional services will be explored to maximize the facility's revenue-generating capabilities.
Conclusion
The closing of the $8.5 million assisted living deal in Idaho marks a pivotal moment in the investment landscape of senior care facilities. With a strategic focus on enhancing resident services and leveraging market demand, this investment is poised to deliver significant value in the coming years. The commitment to providing high-quality care and a supportive environment for seniors underscores the importance of this venture in addressing the needs of an aging population.
For more information about Fifty Stones Capital Group's loan programs, including Rehab/Renovation Loans, Construction Loans, Bridge Loans, Commercial Acquisition Loans, and Change of Use Loans, visit www.fiftystonescapitalgroup.com or contact info@fiftystonescapitalgroup.com.
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