Top California Lender closed a $16.3 million construction loan to finance the redevelopment of an existing building in Pikesville, a thriving neighborhood in Baltimore County, into a modern assisted living facility. The project will transform the historic property into a resident-focused community, serving seniors in Pikesville, Owings Mills, and surrounding neighborhoods. The development will feature state-of-the-art living spaces, enhanced services, and sustainable design, creating a safe, comfortable, and engaging environment for residents.

The loan, secured at a competitive interest rate with an interest reserve included, demonstrates Top California Lender’s commitment to providing flexible, high-value financing for complex projects nationwide. This funding supports the borrower, a seasoned developer with extensive experience in senior living and healthcare projects, in delivering a facility that revitalizes the property and strengthens the local community.

“Demand for assisted living in Pikesville and surrounding areas is growing rapidly,” said Jerry Dean, Chief Executive Officer of Top California Lender. “We are proud to provide the financing that empowers developers to deliver meaningful, community-focused projects that benefit both residents and the neighborhood.”