ATC Managers Closes $30MM Senior Housing Deal and $6.5MM Commercial Property Refinance in Louisiana
Louisiana - September 16, 2024 - ATC Managers announced the successful closure of two major deals: A transformative $30 million senior housing project and a $6.5 million refinance for an owner-occupied commercial property, further solidifying their position as a leader in the financial sector.
The $30 million transaction, spearheaded by ATC Managers’ CEO, Vanmatre Wilbur, will convert five units of a 20-room condominium into a cutting-edge senior housing facility, designed to serve over 100 residents. This project represents a vital expansion in senior care options in Louisiana, addressing a pressing need for quality, specialized housing for the aging population. The newly developed facility will not only provide essential services to seniors but also stimulate the local economy through job creation and community growth.
"We are thrilled to support such a critical project,"
said Wilbur.
"Our mission was to ensure a seamless experience for the borrower, who was entering the senior housing sector for the first time. Our team worked tirelessly to streamline the process, ensuring that documentation was completed with precision and that the financing closed on schedule."
ATC Managers’ in-depth expertise and hands-on guidance throughout the transaction helped the borrower successfully navigate the complex process from start to finish.
In addition to this, ATC Managers also closed a $6.5 million refinancing deal for an owner-occupied commercial property. The client sought to refinance their existing mortgage while leveraging the property’s value to pay down outstanding business debt. ATC Managers was able to provide financing, allowing the client to tap into 75% of the property’s value at an attractive rate, offering financial flexibility and reducing the burden of business debt.
These successful closings underscore ATC Managers’ commitment to empowering clients with customized financial solutions, whether they're embarking on transformative new ventures or seeking to streamline their financial health.
Together, these deals highlight ATC Managers' unwavering dedication to delivering results that enrich both businesses and communities across Louisiana.
