Sims Helps Pennsylvania CCRC In Campus Repositioning Project And Refinancing In Creative Multi-Bank Financing
Sims Helps Pennsylvania CCRC In Campus Repositioning Project And Refinancing In Creative Multi-Bank Financing
3 PagesCASE STUDY BACKGROUND Cross Keys Village (“Cross Keys”) is a not-for-profit continuing care retirement community providing residential, health care and other supportive services to seniors in South Central Pennsylvania. It is located on approximately 250 acres in New Oxford, Pennsylvania. Cross Keys is the ninth largest single-site, not-for- profit CCRC in the U.S. and currently consists of 444 independent living units (apartments, cottages and country homes), 91 personal care units and 270 skilled nursing beds. Cross Keys was founded in 1908 and is affiliated with the Southern District of the Pennsylvania Church of the Brethren. It is currently rated “A-” by Standard & Poor’s. In 2014, Sims completed a $10 million Line of Credit bridge financing for Cross Keys Village, en
