Post-Acute and Senior Living: LCB gets funding for initial projects

Cushman arranges $38.3 million finance new operator’s first developments

By Murray W. Wolf

LCB Senior Living LLC is moving ahead with the development of its first two senior living communities in the northeastern United States thanks to $38.3 million in debt and equity financing arranged by Cushman and Wakefield’s Senior Housing Capital Markets Group.

 

As exclusive advisor to LCB, Cushman’s senior housing group, a division within its Equity, Debt & Structured Finance Group, arranged the simultaneous capitalization of the two ground-up development projects, both in Massachusetts: The Residence at Riverbend in Ipswich and The Residence at Watertown Square in Watertown.

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