People's United Bank provides $80 mln to Invesque
People's United Bank has provided an $80 million loan to Toronto-based Invesque, a healthcare real estate company. The capital will be used to refinance existing debt associated with four senior living facilities in Eastern Pennsylvania and Southern New Jersey. These properties are owned via a joint venture between Invesque and Heritage Senior Living, a developer and property manager for senior housing communities in the Mid-Atlantic region of the U.S. People's United Bank was lead arranger and administrative agent on the financing.
12 July 2019•3 mins read
