ATC Managers closed two deals: a $30 million senior housing project and a $6.5 million refinance for an owner-occupied commercial property.
The $30 million transaction, spearheaded by ATC Managers’ CEO, Vanmatre Wilbur, will convert five units of a 20-room condominium into a senior housing facility, designed to serve over 100 residents.
“We are thrilled to support such a critical project,” Wilbur said. “Our mission was to ensure a seamless experience for the borrower, who was entering the senior housing sector for the first time. Our team worked tirelessly to streamline the process, ensuring that documentation was completed with precision and that the financing closed on schedule.”
The client of the $6.5 million refinancing deal sought to refinance its existing mortgage while leveraging the property’s value to pay down outstanding business debt. ATC Managers’ financing allowed the client to tap into 75% of the property’s value at an attractive rate.
