CNL Healthcare Properties increases credit availability

CNL Healthcare Properties has entered into a $405 million unsecured credit facility and term loan that can be expanded to $700 million.

The new credit facility is led by KeyBank National Association and has nine other participating lenders: JPMorgan Chase Bank, SunTrust Bank, Bank of America, Compass Bank, Fifth Third Bank, Cadence Bank, Comerica Bank, Huntington National Bank and Seaside National Bank & Trust.

“These new credit facilities represent a significant milestone in the growth and maturation…