BALTIMORE - Marylandian -- 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.

More on Marylandian

• Luxury Mediterranean Estate in Gotha Sells for $1.52 Million, Closing $45,000 Over Asking
• ZEELOOL's Black Friday Sale Starts Early with Up to 80% Off Frames
• UV Weathering Test Chamber vs Xenon Arc Test Chamber: What's the Right Solution for Your Products
• Emeritus Addresses Hospital Bed Shortages with Smart Storage Solutions
• Fulton County & Grow Your World Amplify Atlanta Youth Through the Youth Audio Collective

"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."

For more information about Top California Lender's loan programs, including Rehab/Renovation Loans, Construction Loans, Bridge Loans, Commercial Acquisition Loans, and Change of Use Loans, visit https://www.topcalifornialender.com or contact info@topcalifornialender.com.