RIVERVIEW SENIOR RESORT

Riverview Senior Resort

“Riverview is an exciting project for the City of Palm Bay, with a superb waterfront location. Our origination team worked closely with the borrower and underwriter to craft a robust transaction structure. ”

—Jim Thompson, President and Chief Executive Officer, Preston Hollow Capital

Riverview Senior Resort

743012

Key Aspects

  • $24.9 million tax-exempt project financing
  • 120-unit senior housing project totaling 136,000 square feet on 3.2 acre waterfront parcel on the Indian River, adjacent to Melbourne Beach
  • PHC structured this as drawdown bonds to mitigate capitalized interest and negative arbitrage

Relevant