Helios arranges $7.5MM Term Loan & Revolving Line of Credit for Minneapolis-based Provider

Chicago, IL — Helios is pleased to announce its role in arranging a $7.5MM term loan and revolving line of credit (“Financing”) for a Minnesota-based provider of specialty memory care services (“Borrower”).

Helios arranged the 18-month, interest only Financing in support of the Borrower’s acquisition of a specialty memory care community (“Community”) located in one of the most affluent suburbs of St. Paul, MN. The Community was stabilized at the time of the acquisition and originally developed by the Borrower in partnership with a Chicago-based private equity firm (“Seller”). Prior to the Financing, the Borrower leased the Community from the Seller.

The Financing was sourced through a Minnesota-based community bank active in Minneapolis-St. Paul metro.