The new financing by Valley National Bank provides Vivant Senior Living with increased operational flexibility. The new term loan carries a significantly lower interest rate and extends maturity to 2026. Commercial Loan Officer Jason McKee led the refinancing for Valley National Bank‘s Orlando office.
“We are pleased to announce the refinancing of our term loan, which meaningfully improves Vivant Senior Living’s balance sheet and overall capital structure,” said Eric Fiedler, Manager and refinancing lead of Vivant Senior Living. “We opened for business in December 2019, just as the global pandemic was starting, so this is a testament to our focus and will to be the best memory care operator in the Greater Orlando area. We are excited with the possibility of refinancing two more properties with Valley.”
