Home / Industry / Banking & Finance / Citizens Bank provides $22.4 million loan for PathStone senior housing project (access required)

Citizens Bank provides $22.4 million loan for PathStone senior housing project (access required)

Citizens Bank has provided a $22.4 million direct pay letter of credit to assist with the development of the senior living community adjacent to the former Medley Centre in Irondequoit. The funding serves as a credit enhancement for the issuance of tax-exempt bonds by SLM Apartments, LLC, whose sponsor is PathStone Development Corp. Set into motion by ...
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