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DCP Financial Services places $34.825MM financing for acquisition of Ohio multifamily properties

DCP Financial Services has placed $34.825 MM in permanent financing for the acquisition of two multifamily properties comprising 703 units: Georgetown of Kettering Apartments located in Kettering, Ohio and Villages of Wildwood III & IV located in Fairfield, Ohio. Permanent financing was provided by J.P. Morgan Securities LLC. The borrower is a joint venture of Och-Ziff Real Estate Fund II and affiliates of Apollo Property management, L.L.C.

View Press Release: $34.825MM Ohio Multifamily Acquistion

DCP Financial Services arranges $13.2MM financing for Lakepoint Senior Care Facility in Wichita, Kansas

DCP Financial Services, as correspondent for Walker & Dunlop, has placed a $13.2 million 232/223(f) loan on behalf of Lakepoint Wichita L.L.C for the Lakepoint Senior Care Facility in Wichita, Kansas.  This 262 bed/unit senior care facility comprised of 119 skilled nursing beds (SNF), 78 assisted living units (AL), and 65 independent living units was constructed in phases beginning in 1967.

Prior to funding the HUD loan, the borrowers utilized an $11.5 million bridge loan provided by Dimension Capital Partners, to renovate the property and convert 21 independent living units into assisted living units.  The HUD loan replaced the bridge loan.

View Press Release: $13.22MM Lakepoint Senior Care Facility, Wichita, KS