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Locust Point raises $668 million for senior housing, healthcare lending

New investment fund is 56% bigger than previous capital raise
Locust Point Private Credit Fund III provided financing for the recent purchase of the assisted living facility at 9825 S US Highway 1 in Port St. Lucie, Florida. (CoStar)
Locust Point Private Credit Fund III provided financing for the recent purchase of the assisted living facility at 9825 S US Highway 1 in Port St. Lucie, Florida. (CoStar)

Locust Point Capital, a Miami-based lender on senior housing and healthcare properties, held the final close of a new investment fund, Locust Point Private Credit Fund III, with $668 million in total capital commitments.

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