Lument Provides $18.6M Acquisition Loan for Austin Seniors Housing Property

by Taylor Williams

AUSTIN, TEXAS — Lument has provided an $18.6 million bridge loan for the acquisition of Barton Springs, a 56-bed seniors housing property in Austin. The facility offers assisted living and memory care services. Doug Harper, Chris Mauger and Casey Moore of Lument originated the financing, which carried a 36-month term and a one-year extension option,  on behalf of the borrower, California-based owner-operator Silverado.

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