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Padua Law Firm Represents Developer in Closing $29,907,557 Funding

Jun 27, 2015 | Corporate & Business

Padua Law Firm represented Texas Senior Housing Operator, LLC in raising and closing $29,907,557 of capital for the development, construction, and operation of senior housing community in Montgomery County, TX.  The senior living community, Woodhaven Village, consists of 157 independent living, assisted living, and memory care homes and is located on approximately 11 acres in Conroe, TX adjacent from the upcoming Grand Central Park.

The capital raised consisted of a combination of both Equity and Debt and was primarily obtained from Texas Senior Housing Operator, LLC financial partner, Lancaster Pollard, together with its preferred lending institutions as well as individual accredited investors.

The general contractor performing the construction of the improvements at Woodhaven Village, is FCI Multi-Family Construction, who is a longtime partner of the principals of Texas Senior Housing Operator, LLC.   The management and operator of the facility is Paradigm Senior Living.