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Broadview Senior Living at Purchase College will initially consist of 220 independent living apartments and villas, 18 assisted living beds, 16 memory care beds and amenity space with room for potential expansion in later years.
HJ Sims added that it worked with IRC's bank to modify its outstanding bank bonds and integrate these bonds into the new financing structure, which is expected to save IRC approximately $6 million of long-term debt.
The financing will be used to construct three buildings covering 152,000 square feet that will house 86 assisted living units and 44 memory care units.