SunTrust Provides $67 Million In Financing For Retirement Community Expansion In Greenville
Mar 06, 2019 12:54PM
● By Kathleen Maris
SunTrust Banks, Inc. announced that it served as sole lender of a $67 million deal to support a senior living expansion project by Rolling Green Village, a not-for-profit continuing care retirement community in Greenville. The expansion is a critical part of Rolling Green Village’s long-term strategic plan and will allow them to expand high-quality services to more residents in the area.
The project will expand upon the existing 175-acre campus, adding 60 new independent living apartments and 23 stand-alone cottages. The campus will also feature a new commons center, several new private and bistro dining venues, multipurpose rooms, an art studio, library, salon, additional parking, outdoor spaces, and walking trails. Construction began in August 2018 and is expected to be complete by fall 2020.
“Our mission is to deliver high-quality care and provide an environment that fosters independence,” said Bob Benson, executive director at Rolling Green Village. “We’re excited that this expansion will allow us to do just that, and we’re thankful for SunTrust’s partnership throughout this process.”
“Rolling Green Village has built an unparalleled reputation with residents, their families and the community,” said Evelyn Lee, senior vice president of SunTrust’s Aging Services practice. “We’re thrilled to support Rolling Green Village as they work to enhance quality of life for the growing population and provide meaningful solutions to local residents.”
Established more than 30 years ago, Rolling Green Village is a 5-star-rated community offering multiple independent living options, short-term rehab, assisted living, memory care, and long-term skilled nursing. Currently serving 650 active seniors, the community provides a variety of senior living options and flexible financial services.