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Sencap Partners Inc. (“Sencap”) is pleased to announce the closing of a $99,682,000 senior-secured private placement project financing for the redevelopment of Riverdale Living’s Champlain Long Term Care Home. The project consists of the development and construction of a 224-bed long-term care home to be located in Orleans, Ontario. Sencap is proud to be supporting Riverdale in the financing of five of its Ontario LTC redevelopment projects.

Riverdale Living owns and operates 11 long term care facilities in Ontario. “Sencap was instrumental in getting our LTC project approved by the MLTC and arranging financing. The project financing came together in a relatively short time frame and on terms that met our expectations. The financial modeling is sophisticated and thorough, capturing the complexities of project finance. Sencap was on top of the process and supportive during the loan closing and they continue to provide value add service as the loan draws progress. Sencap is highly recommended to developers looking to get their LTC projects approved and financed – Kirk Lloyd, Chief Financial Officer, Riverdale Living.”

With offices in Toronto, Oakville, and Vancouver, Sencap is a privately-owned and independent financial services provider, offering customized debt financing solutions to the Canadian infrastructure, real estate, and seniors housing sectors. Sencap acts as advisor, arranger, and administrative agent - providing its clients with an end-to-end project financing solution for development and construction, acquisitions, redevelopments, refinancings, and recapitalizations. With over 24-years of banking and capital markets experience, Sencap’s principals have structured and arranged over $4.5 billion in complex project financings, advised on over 25 PPP infrastructure projects, and financed over 4,500 long-term care beds across Canada.

For more information, please visit www.sencappartners.ca. 

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