James Scribner, Managing Director For RED Capital Group (Photo: Business Wire)

Working together, RED Capital Partners, LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED Capital Group, LLC, and Sentio Healthcare Properties Inc. (Sentio) collaborated on a $41.9M loan to finance the development of a Class A senior living community in Georgetown, Texas, an affluent suburb approximately 30 miles north of Austin. RED provided a $20M balance sheet loan financing, with the balance being funded by Sentio. The project was developed and is owned by affiliates of Life Care Services, LLC (LCS).

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Rendering of The Delaney at Georgetown Village in Texas (Graphic: Business Wire)

Rendering of The Delaney at Georgetown Village in Texas (Graphic: Business Wire)

Construction was nearly complete on The Delaney at Georgetown Village, a 211-unit senior living facility consisting of 120 independent living units, 55 assisted living units and 36 memory care units, when RED closed on the loan. The project is beautiful and has three connected one-story and three-story buildings with expansive common and outdoor space.

"We are encouraged by the development progress at the property," said Spencer Smith, SVP of Sentio Investments. "The RED team was able to understand our goals and successfully helped structure a loan financing that worked well for RED, Sentio, and LCS."

"We are very happy to be working with John Mark Ramsey and his team at Sentio," said Kathryn Burton Gray, Senior Managing Director for RED. "This is the type of creative financing that allows relationship partners to leverage off RED for the entire capital stack— from bridge loans to permanent lending."

" RED is very excited to have the privilege of working with Sentio for the first time and assist with its growth, as well as expand our relationship with LCS," stated James Scribner, Managing Director for RED. "We look forward to working with both firms in the future."

"We've been looking for the right situation to work with RED, and Georgetown provided just that opportunity," said David Laffey, Senior Vice President/Director of LCS Real Estate. "We greatly appreciate RED's support of LCS's proprietary development strategy."

Sentio is a public, non-listed real estate investment trust that invests exclusively in healthcare related real estate. Sentio is committed to growing a portfolio of properties representing a mix of asset classes and providing geographic diversity. The current Sentio Healthcare portfolio features 34 properties, located in 16 different states.

Based in Des Moines, Iowa, and established in 1971, LCS is a leading provider of high-quality senior lifestyle products and services. The LCS Family of Companies focus on strategic planning, development, operations management, and marketing and sales management for continuing care retirement communities and senior living communities, home health care and companion services, senior living community ownership, insurance, and national purchasing consulting services. LCS is ranked as the 3rd largest senior housing operator in the United States (ASHA 2015 Top 50 Operators), and currently serves over 33,000 seniors in 31 states in over 130 communities.

About RED CAPITAL GROUP, LLC

Recognized for its industry expertise, innovative and comprehensive structures, and consistently high rankings, RED Capital Group, LLC has provided over $73 billion of integrated debt and equity capital since 1990 to the seniors housing and health care, multifamily, affordable, and student housing industries through three operating companies.

RED Mortgage Capital, LLC is a leading Fannie Mae DUS ® and MAP- and Lean-approved FHA lender with a mortgage servicing portfolio exceeding $16 billion. RED Capital Markets, LLC (MEMBER FINRA/SIPC) is a leader in the distribution of Fannie Mae and Ginnie Mae Project MBS, and provides structuring, underwriting, placement, and advisory services for tax-exempt and taxable housing and health care bonds.

RED Capital Partners, LLC provides proprietary debt and equity solutions, and asset management in a range of forms, including subordinated gap and bridge loans. RED Capital Group, LLC is a subsidiary of ORIX USA Corporation. For more information on RED Capital Group, LLC, visit www.redcapitalgroup.com.

About ORIX USA Corporation

ORIX USA provides innovative capital solutions that clients need to propel their business to the next level. Based in Dallas, ORIX USA has a team of more than 600 employees spanning nearly 20 offices across the U.S. and Brazil. ORIX USA and its family of companies offer investment capital and asset management services to clients in the corporate, real estate, municipal and energy sectors, while holding $6 billion of assets and managing an additional $29 billion, approximately. Its parent company, ORIX Corporation, is a Tokyo-based, publicly owned international financial services company with operations in 37 countries and regions worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX USA, visit www.orix.com.

DUS ® is a registered trademark of Fannie Mae

View source version on businesswire.com: http://www.businesswire.com/news/home/20161108005984/en/

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