Maitland's Vivant Senior Living Announces Refinancing After Pandemic Opening
Vivant Senior Living is pleased to announce that its first memory care home, Vivant at Versailles, completed a debt refinancing with Valley National Bank at a $1.1M valuation
MAITLAND, Fla., August 18, 2021 (Newswire.com) - The new financing by Valley National Bank provides Vivant Senior Living with increased operational flexibility. The new term loan carries a significantly lower interest rate and extends maturity to 2026. Commercial Loan Officer Jason McKee led the refinancing for Valley National Bank's Orlando office.
"We are pleased to announce the refinancing of our term loan, which meaningfully improves Vivant Senior Living's balance sheet and overall capital structure," said Eric Fiedler, Manager and refinancing lead of Vivant Senior Living. "We opened for business in December 2019, just as the global pandemic was starting, so this is a testament to our focus and will to be the best memory care operator in the Greater Orlando area. We are excited with the possibility of refinancing two more properties with Valley."
About Vivant at Versailles:
Vivant at Versailles is a person-centered memory care home in Maitland, Florida. This one-story, six-bed memory care home offers a personalized care approach to individuals living with dementia, including Alzheimer's, Lewy body dementia, and Parkinson's disease dementia.
About Vivant Senior Living:
Vivant Senior Living provides exceptional memory care services in vibrant, residential homes for seniors with Alzheimer's and dementia in Central Florida. Contact us for memory care options or to tour one of our homes.
Contact Vivant Senior Living:
Source: Vivant Senior Living