The $10,275,000 HUD-insured Section 223(a)(7) financing carries a 40-year term and amortization, along with a low, fixed interest rate. The 80% LTV loan reduces the property’s debt service and enables the borrower to continue with ongoing property maintenance.
The Willows of Marshalltown in Marshall County was constructed in 2018 and offers daily living support and a 24-hour memory care unit. Set across 12 acres in rural Iowa, the community offers residents on-site activities and amenities such as a private dining room, movie theater, game room, exercise room and spa, as well as a beauty salon and barber shop.