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Elk River Senior Living in Minnesota Secures New Financing

JLL Captial Markets Secures $18.7M for Project
The three-story, 98-unit senior living complex, offers amenities such as lounges, activity rooms and courtyards. (CoStar)
The three-story, 98-unit senior living complex, offers amenities such as lounges, activity rooms and courtyards. (CoStar)
By Mark Iovanisci
CoStar Research
March 11, 2024 | 2:53 P.M.

JLL Capital Markets has secured $18.7 million in financing for Elk River Senior Living, which offers independent living, assisted living and memory care services in Elk River, Minnesota. The refinancing was facilitated through the HUD/FHA 232/223(f) program, amounting to $173,151 per unit.

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