REBusinessOnline

Hunt Real Estate Capital Provides $3.7M Refinancing for Assisted Living Property in Utah

TREMONTON, UTAH. — Hunt Real Estate Capital had funded a $3.7 million Fannie Mae loan for the refinancing of Our House of Tremonton, a seniors housing property in Tremonton, about 20 miles from the Idaho border. The borrower and property owner is Utah-based SAL Management.

Brady Johnson, Andy Kitts and Heath Coryell of Hunt Real Estate Capital originated the deal.

Originally built in 1995, the assisted living facility features 28 units. The property recently opened 12 new units after completing a renovation and expansion. The remodel included a complete update to all areas of the building, including resident suites, bathrooms and common areas, as well as adding vaulted ceilings and natural light throughout the front entry, dining room and hallways.

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