Avery’s View Facilities

Asheville, North Carolina

$3,200,000 Bond Restructure

Collateral Description: 96 unit independent living facility and 60 unit assisted living facility situated on 46 acres of land in Asheville, North Carolina.

Borrower Description: Non-profit assisted living facility operator seeking working capital.

Loan-to-Value: 40% LTV on recent “orderly liquidation”  of $8,000,000.  Loan primes $25 million in un-rated municipal bonds.

Status: The loan is presently current with respect to payment.