Infinity Obtains $5M SBA Construction Loan for Hospice Facility

Las Vegas will see a new assisted living facility take shape after a financing deal will help the developer get construction on track. TMC Financing recently issued a press statement announcing that it had provided developer Infinity Hospice Care of Las Vegas, LLC with an SBA 504 loan worth $4.98 million. The developer will use the funds in the development process of a new facility in Las Vegas. TMC Financing Business Development Office, Cindy Santilena, CCIM was in charge of the transaction.

TMC Financing provided Infinity Hospice Care of Las Vegas, L.L.C. with a $5 million SBA 504 loan for construction of a 9,616-square-foot hospice, TMC said Feb. 15 in a statement. Cindy Santilena served as business development officer for TMC on the transaction.

The 12-bed hospice facility, which opened last August at 6330 S. Jones Blvd., also includes a 9,015 square-foot office support building. Infinity Executive Vice President Brian Bertram commented in a statement that the facility “will help address the demand in the Las Vegas Valley for more comprehensive in-patient, supportive care.”

Demand for healthcare-related facilities in Las Vegas is expanding. Last November, the Las Vegas City Council approved CITRA Real Estate Capital’s plans to develop a $71 million assisted living and skilled nursing facility on a former rail yard at 394 S. City Parkway. CITRA’s project will offer 150 beds and 140 residential units, as well as a parking structure that will accommodate 464 vehicles.