PACIFIC NORTHWEST CLOSING ANNOUNCEMENT

• $7,317,000 SBA 504 and 7(a) loan
• Residential Assisted Living portfolio
• Pacific Northwest
• March 2023

March 17th, 2023 – Monarch Advisors is pleased to announce the closing of a new loan for the acquisition of a portfolio of residential-style assisted living properties in the Pacific Northwest.  The buyer, the current manager of the properties, engaged Monarch to source $7.3 million of senior debt for the transaction.  Monarch was successful at securing a commitment from a national SBA lender, consisting of a) $4.3 million 10-year bank loan, fixed at 8.45% for the first 5 years, b) $2.6 million SBA Debenture expected to be fixed at ~6.3% for 25 years, and c) $300,000 SBA 7(a) loan floating at Prime plus 0.70% for 10 years.  The debt covered ~80% of the transaction costs.

Upon closing the transaction, the client, offered the following statement, “Monarch Advisors truly helped our acquisition happen!  Alec Blanc is great to work with and immediately became