Twain Financial Partners announced the successful financing of $14.5 million in ground lease capital to the Villages of Imperial Pointe in Lake Charles, LA.
Twain’s funding will aide in the construction of a 129-unit, four-story seniors-only apartment community on a 5.62-acre site and represents the continuation of an existing 72-acre medical campus known as the Imperial Pointe Medical Center in Lake Charles. Project amenities include 70,000 square feet of common areas available for dining, wellness, restaurants, a beauty salon and barber shop, and other communal spaces for socializing. Outdoor amenities will include a courtyard with swimming pool, outdoor dining area and outdoor seating, a living and dining room, and courtyard. Amenities within the assisted living component include a dining room, bistro, workroom, discovery room, sitting rooms, salon, spa, physical therapy center, library, theater, and activity room.
BridgeView Realty Capital will serve as owner’s rep, turn-key developer, and construction manager for the project. Located in Dallas, TX, BridgeView has served the senior living sector since 1991 and is led by John Lanier.
“The team at Twain was as professional as I have ever seen,” said John Lanier, CEO of BridgeView Realty Capital. “I thank them for their hard work.”
“Twain is proud to announce the closing of ground lease capital on the Villages of Imperial Pointe,” said Paul Thompson, Business Development Officer at Twain Financial Partners. “This project showcases Twain’s unique ability to utilize creative capital solutions.”
Learn more about ground lease capital.