Harmony Communities secures $28m refinancing for senior living community in Spring, Texas
Harmony Communities announced that it has secured a $28 million senior mortgage for The Landing at Augusta Woods, a 148-unit senior housing community in Spring, Texas.
JLL represented the borrower to secure the four-year, fixed to floating rate loan from a life insurance company to refinance an existing construction loan and fund additional expansion of the community.
The community comprises a 120-unit apartment-style complex that provides independent living, assisted living and memory care and 28 to-be-built independent living duplex-style cottage units. The luxurious country club–style facility is designed to immerse residents into an engaging community with resort-style amenities and best-in-class care services.