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Indianapolis Loan
Owner refinanced assisted living asset via MIG, securing cash, renovations funding, and best terms through broad lend
Overview
An owner/operator sought to recapitalize an assisted living community that had been converted from a previously underperforming, purpose-built hotel. The goal was to generate cash for ownership and finance aesthetic renovations to enhance the property's appeal
After stabilization of the asset, the owner initially approached a few lenders directly but was unsuccessful in securing favorable financing terms. At that point, MIG was engaged to lead an exclusive debt placement process.
Results
MIG launched a targeted process leveraging its deep network of lending relationships. The effort resulted in multiple competitive term sheets. The most attractive offer came from a regional credit union actively expanding its commercial lending platform. This lender was not previously on the sponsor's radar, highlighting the value of MIG’s market insight and outreach capabilities.
Conclusion
This transaction exemplifies MIG’s ability to deliver thoughtful execution and access to a broad lender base, even amid dynamic market conditions. The deal not only met the client's financial objectives but also demonstrated MIG’s tenacity, strategic lender relationships, and adaptability in today’s evolving credit environment.
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