KeyBank Real Estate Capital has provided $12.8 million in FHA financing for a two-property assisted-living portfolio in Beaver Dam and Waupun, Wisconsin.
Prairie Ridge at Beaver Dam was built in 1998 and renovated in 2010. It is made up of 27 assisted-living units. Prairie Ridge at Waupun totals 47 assisted living units and is located in Waupun, Wisconsin. The property was built in 1999 with an addition built in 2008.
John Randolph of Key’s Commercial Mortgage Group arranged the financing, which was used to pay off existing debt on the property.
