Sterling National Bank's Asset Based Lending Group provided senior secured credit facilities totaling $14,500,000 to Living Well Lodges Management Company, LLC.
Living Well is comprised of 3 assisted living facilities located in Florida. These facilities provide an array of services and amenities such as restaurant style dining, on-site medical suite, well-appointed bar and lounge, full-service laundry, salon, and nature inspired walking paths.
The Company is owned by Virtus Real Estate Capital, a private equity firm located in Austin, TX.