PRE-DEVELOPMENT LOAN FOR CAMPUS EXPANSION PROJECT BRIDGES FUNDING NEEDS UNTIL CONSTRUCTION/PERMANENT FINANCING
PRE-DEVELOPMENT LOAN FOR CAMPUS EXPANSION PROJECT BRIDGES FUNDING NEEDS UNTIL CONSTRUCTION/PERMANENT FINANCING
2 PagesCASE STUDY PARTNERED RIGHT ® Lenbrook is an existing life plan community which consists of 353 independent living residences, 60 Medicare-certified skilled nursing beds and 16 personal care suites. Lenbrook is located in Atlanta, Georgia, in the affluent Buckhead neighborhood. Lenbrook opened its doors in 1980 and conducted its initial campus expansion in 2006. As of March 31, 2018, Lenbrook’s current average occupancy across all levels of care is 93%, including 95% in independent living. STRUCTURED RIGHT ® Given the demand for independent living units on Lenbrook’s campus, as well as its desire to expand options available to its residents, provide safer and more convenient egress from the Community, increase parking, and protect current views, Lenbrook has embarked on an
