BHI closed the refinancing of a $30 million loan for a senior living facility with 199 beds in Davie, FL. The borrower is Royal Senior Care, which owns and operates senior living facilities in the Southeastern United States with a primary focus in South Florida.
BHI, a full-service commercial bank, closed on a $42.5 million term loan for TL Management, a company that owns skilled nursing facilities across the country.
BHI restructured its business team, appointing John Yoler head of BHI Commercial & Industrial and Gal Defes head of international C&I, high tech and investment services. In addition, Steven Caligor was appointed head of BHI’s commercial real estate division.
The healthcare division of BHI arranged $41.8 million in construction financing for the Oasis at Coral Reef, a new 217,123-square-foot senior living facility under development in Miami adjacent to Jackson South Medical Center.