HJ SIMS PROVIDES ACQUISITION FINANCING FOR GROWING ASSISTED LIVING PROVIDER
HJ SIMS PROVIDES ACQUISITION FINANCING FOR GROWING ASSISTED LIVING PROVIDER
2 PagesCASE STUDY PARTNERED RIGHT ® Magnolia Senior Living is newly created company founded by Henry Orlinsky and Spencer Mandelbaum that focuses on providing excellent senior care in the most affordable way. Grace Manor at North Park (the “Community”), is Magnolia’s first acquisition and is consistent with its strategy to grow by acquiring high-quality senior living properties in strong markets on the east coast. Magnolia’s principals and key personnel are experienced healthcare and senior living professionals. STRUCTURED RIGHT ® As a newly formed company with plans to grow in the future, Magnolia was looking for a high-leverage bridge-to-HUD financing solution. Magnolia approached HJ Sims who partnered with Lakeland to fund a first mortgage loan (the “First Mortgage Loan”) und
