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February 12, 2024

Sencap Closes Arcavia Living LTC Project Financing

Sencap Closes Arcavia Living’s $55.8M Project Financing for Its Orillia Long Term Care Home Development

Toronto, Ont. – Sencap Partners Inc. (Sencap) is pleased to have acted as exclusive financial advisor and debt arranger for the $55.8-million senior-secured private placement project financing of Arcavia Living’s (Arcavia) Orillia Long Term Care Home. This project, supported by the Ontario Ministry of Long-Term Care, consists of the development and construction of a 160-bed long-term care (LTC) home in Orillia, Ont.  

The Central region of Ontario has an average wait time of 225 days for individuals transitioning from the community into an LTC home.1 Arcavia’s first LTC development in Ontario will help to reduce delayed admission for the Orillia senior community. Sencap is honoured to have been part of this significant milestone for Arcavia.

About Arcavia Living

Arcavia, an affiliated entity of Sigma Capital Partners Inc., specializes in LTC home development and home care services. The company aims to become a premier provider of high-quality, holistic seniors care in Ontario, offering culturally appropriate patient services through compassionate caregivers and innovative care solutions.

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[1] Data source: from Health Quality Ontario, provided by the Ministry of Health.

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About Sencap Partners, Inc. 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 and seniors housing sectors. Sencap acts as an advisor, arranger and administrative agent — providing its clients with end-to-end project financing solutions for development and construction, acquisitions, redevelopments and refinancings. With over 40 years of banking and capital markets experience, Sencap’s principals have structured and arranged over $20 billion in complex project financings, advised on over 50 public-private partnership (P3) infrastructure projects, and financed over 6,000 long-term care beds across Canada.

To learn more about Sencap Partners Inc., connect with us on LinkedIn and X.

Visit our website: www.sencappartners.ca

© Sencap Partners Inc., an affiliated entity of Sigma Capital Partners Inc.

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Sencap Partners Inc.
55 York Street, Suite 900
Toronto, Ontario M5J 1R7
647.498.4549

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