B. Riley Farber advises AFOI in Obtaining $55M in financing for the construction of St. Rita at Marylake Long-Term Care Home.
B. Riley Farber Advisory Inc. is pleased to have acted as the exclusive financial advisor for the arrangement of $55M in financing for the construction of St. Rita at Marylake Long-Term Care Home in King City, Ontario from a Schedule A Bank.
The Augustinian Fathers Ontario Inc. are long term residents of the King Township community and have owned and operated their 600 acres of land for 60+ years. AFOI are dedicated to serving their community and are providing the land required for the St Rita at Marylake Long Term Care Home.
St. Rita at Marylake Long Term Care Home is a much-needed addition to the community and is designed to meet the growing demand for high-quality long-term care services in the province. The project is supported by the Ministry of Long-Term Care and will be operated by an established leader in the Long-Term Care and Senior Homes Industry.
Deal Team:
