Decatur House
Update
08/29/19
$4.4M Construction Loan Secured for Assisted Living Facility on Cape Cod
A $4.4M construction loan has been secured for the 14-unit addition to The Decatur House in Sandwich, MA. The assisted-living facility, which currently offers 23 units of assisted-living, is located along Main Street in Sandwich's historic district and is owned and operated by the Austin Family who aim to provide a home-like environment for residents.
Financing for the addition was arranged by FinanceBoston. “The structure of financing the addition was unique in that we were able to leave the original SBA debt in place and finance the new project with another SBA loan. Both loans have 25 year fixed rate components which is a great option for owner-occupied businesses“ said Brian Rooney of FinanceBoston. “I am excited to see the finished product, and the continued success of the Austin Family with Decatur House”.
