Ziegler closes 35-year HUD refinancing for Magnolia Crossing
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Chicago – November 02, 2026 -- Ziegler has closed a 35-year, fixed-rate, fully amortizing FHA/HUD Section 232/223(f) refinancing for Magnolia Crossing Senior Living, a nonprofit assisted living and memory care community in Clovis, California.
HUD loan replaces construction-era debt with permanent financing
The transaction retires the community's construction-era debt and substitutes permanent, long-term financing with competitive interest rates and flexible future financing options. The release did not disclose the loan principal or the interest rate.
The deal also funded roughly $660,000 of owner-elected capital improvements, including solar energy infrastructure. It established what Ziegler described as substantial reserves for future repairs and replacement needs.