Hamlin Capital Advisors, LLC (“HCA”) is pleased to announce the closing of a $400 million “FlexCap” financing program for Presbyterian Homes and Services (“PHS”), headquartered in St. Paul, MN. The first tranche under the FlexCap facility was used to fund $49.7 million of draw-down, permanent financing for its Apple Valley senior housing community (“Apple Valley”) a new, start-up PHS community located in the suburbs of Minneapolis.
Advisory Services
“HCA and PHS are pleased to partner on this new and industry-leading financing approach to help fund our strategic growth by providing an efficient underwriting process and minimizing costs of capitalized interest.”
Dan Lindh
CEO, Presbyterian Homes & Services
*Testimonials provided may not be representative of the experience of other clients. Such testimonials are no guarantee of future success or performance.
