LOOP Secures a $12.5M Loan for Refinancing of 346-unit Senior Living Community in Southfield, MI

February 2021

Loop Investments acquired refinancing on Park at Franklin Senior Living property in Southfield, MI.  The independent, assisted living and memory care community was purchased in 2018 for $12M.   The turnaround and repositioning continue with the planned capital improvements to include upgrading of 36 units with premium finishes, hallway carpet replacement and painting, new models in independent and memory care sections and refreshing of the front desk lobby area.