First Bank and Trust Company Illinois

Wisconsin Assisted Living

Overview: $1,300,000 loan to refinance existing debt on the property and provide working capital to the borrower for outside projects.

Unique Characteristics:

The residential care facility provides communal senior living for residents that have early symptoms of dementia.
Appraised value included business valuation based on current/similar management company remaining in place.
Many residents receive county and private assistance for rental payments.
Financing structure allowed the borrower to refinance debt on other proprties and complete build-out at another facility.