BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, closed on a $49 million bridge-to-HUD facility to Hampton Manor to refinance existing debt and facilitate partnership buyout related to 3 stabilized Assisted Living & Memory Care facilities located in the suburbs surrounding Detroit, Michigan. The three-asset portfolio—Hampton Manor of Dundee; Hampton Manor of Trenton; and Hampton Manor of Hamburg—encompass 221 units (consisting of 171 Assisted Living and 50 Memory Care units).
All 3 facilities are 100% private pay recipient and were developed in the last 3-5 years by Shahid Imran, the founder of Build Senior Living.
Shahid Imran has successfully developed and managed over 35 assisted living and memory care facilities across six different states. With an emphasis on delivering exceptional quality of care to seniors and a mission tagline of: "Let's Spoil the Generation that Spoiled Us”, Mr. Imran has built Build Senior Living into a prominent figure in the senior care industry that stands out for their swift attraction of local residents due to their thoughtfully crafted designs, packed with a plethora of amenities and reflecting to commitment to creating comfortable and enriching living environments for senior citizens.
“BHI is always highly intentional with the markets we select and the communities we aim to serve,” said Tami Antebi, Senior Vice President and Head of National Healthcare at BHI. “Our bank is continually looking for ways we can provide value and spur development where needed in Michigan and across the country.”
“The dynamic in Michigan is particularly interesting because, according to the United States Census Bureau, its population of elderly Americans is growing, potentially due to favorable policies that place no state income tax on social security retirement, U.S. military pensions, Michigan National Guard pensions, or railroad pensions,” said Kevin Hung, Vice President, Relationship Manager – National Healthcare at BHI. “This environment contributes to making this a compelling market in the overall healthcare category and one that projects to continue seeing a high demand for elder care.”
Shahid Imran, founder of Build Senior Living added: “At Build Senior Living, our mission has always been to prioritize the well-being, dignity, and quality of life for our seniors. Every decision we make reflects our commitment to compassionate, affordable, and high-quality care. We strive to build communities where seniors feel valued, safe, and connected. Partnering with organizations like BHI, who share this vision and deeply understand the unique needs of aging communities, allows us to expand our reach and deepen our impact. Together, we’re not just building residences -- we’re creating vibrant, enriching communities where seniors can truly thrive.