$156,281,000,000

This is a proposed 87 unit Special Needs Assisted Living (“SNAL”) community to be built on 12 acres of land immediately adjacent to a major hospital in Daytona Beach, Florida. The community will consist of 45 SNAL units, which addresses the major needs (memory, mobility, cognition and dementia) of seniors. The sponsor was also invited by the hospital to create an additional 42 units to serve individuals recovering from brain or spinal cord injury. The sponsor has a track record of success in the building and managing of SNAL facilities and seeks a lender to provide $22M in senior debt alongside over $11.7M in assembled equity to complete construction and lease up of the project. The sponsor has over 120 years combined experience in healthcare, real estate and human services with an enviable list of past successful projects. Located in Daytona Beach, Florida, the project has a demonstrated need for assisted living, evidenced by a Senior Market Research Associates study showing the area is considerably underserved. CHHH is projected to reach 85% occupancy within 3 years with a completed value of $55.1M.