Red-Syndicate Finance, a direct private lender headquartered in Marina Del Rey, CA, provided $16 million in debt financing to support the acquisition, renovation, and operation of a senior-living facility located in Texas. This significant transaction was originated by Dakota A. Malone, CEO and Managing Director, underscoring his continued commitment to impactful investments within the senior housing in multifamily sector.
 
"The project in question is a six-story development comprising 387 residential units, including studio, one-bedroom, and two-bedroom apartments. Notably, 47 of these units are designated as affordable housing, reflecting a dedication to community accessibility. Residents of the facility will benefit from immediate access to the nearby Interstate, ensuring convenient transportation options. Furthermore, the location provides proximity to a diverse array of employment opportunities within the healthcare, distribution, and tourism industries, which will serve to enhance the quality of life for future occupants.
 
Construction is progressing on schedule, with completion anticipated in the fourth quarter of 2026. We believe this development will not only provide vital housing options for seniors but also contribute positively to the local economy and community infrastructure," said T.N. Brad, CEO of TNB Care Community.