Healthcare

BYRON CENTER, MICH. — Bruce Gerhart with the Cleveland office of Love Funding has originated a $5.4 million loan for Railside Living Center in Byron Center. The refinance loan was secured through a HUD 232/223(f) loan program for the assisted living and memory care facility, which features 95 units and 121 beds. Loan terms include a 6.05 percent interest rate and 35-year amortization.

ST. LOUIS — Raineri Construction has completed a $2 million renovation project for Downtown Urgent Care, a 2,600-square-foot medical clinic located at 916 Olive St. in St. Louis. The clinic is located on the ground-floor of the four-story, approximately 30,000-square-foot Truman Office Building. The project consisted of the construction of a 2,100-square-foot mezzanine level in the building that will be used by Downtown Urgent Care for future expansion. The project was completed for Dr. Sonny Saggar, who purchased the office building in 2008.

MINNEAPOLIS — Minneapolis-based NAI Welsh has negotiated the sale of a former meatpacking plant, located at 2815 Blaisdell Ave. in Minneapolis, for $3.6 million. The 3-acre site contains a 96,000-square-foot main building and a standalone 10,000-square-foot building, both of which will be razed to make way for a new clinic that is being constructed by the property’s buyer, Hennepin County Medical Center. NAI Welsh’s Brian Doyle and Eric Batiza represented the seller, M&O Uptown Investments. The buyer was represented by Mike Fleetham of NorthMarq.

CHICAGO — Chicago-based architecture firm Loebl Schlossman & Hackl has been selected to provide planning and design services for the expansion of the outpatient cancer treatment center for Rush University Medical Center, located on the West Side of Chicago. The 39,200-square-foot treatment center will be located on the 10th floor of the school’s professional office building. The project seeks to centralize the school’s existing Coleman Foundation Comprehensive Care clinic and will also reserve space for the integration of other outpatient clinics in the future. The construction timetable was not released.