Capital One Bank Provides $36.3M Refinancing of Seniors Community Near Charleston

MOUNT PLEASANT, S.C. — Capital One Bank has provided a $36.3 million loan to refinance a construction loan on Somerby of Mt. Pleasant, a 248-unit seniors housing facility in Mount Pleasant, roughly 10 miles northeast of Charleston. The seniors community includes 159 independent living apartments and villas and 89 assisted living units. Developed in 2008, Somerby of Mt. Pleasant’s amenity package includes a fitness facility, restaurant-style fine dining, an on-duty nurse, indoor heated pool and a separate guest suite for visiting family and friends. Capital One Bank arranged the loan on behalf of affiliates of Dominion Partners LLC, a Birmingham, Ala.-based owner of seniors housing properties in the Southeast. Dominion’s management company is Somerby Senior Living Services LLC.