Newsroom

June 14, 2024

Sencap Closes Clare McFaul LTC Project Financing

Sencap Closes $56.2M Project Financing for Clare McFaul 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 $56.2-million senior-secured private placement project financing of Clare McFaul Long-Term Care home. Supported by the Ontario Ministry of Long-Term Care, this project involves the development and construction of a 128-bed long-term care (LTC) home in Madoc, Ont.

The average wait time for admission to LTC homes in the Eastern region of Ontario is 252 days for individuals transitioning from the community.1 The Clare McFaul LTC home development, being developed and operated by Universal Care Canada Inc. (UCCI), will help reduce these wait times and address the LTC bed shortage for the Madoc community. Sencap is honoured to have supported the project sponsors and UCCI in bringing this project to fruition.

About UniversalCare Canada Inc.

UCCI is a well-established leader in health care and senior living, with a reputation for excellence, integrity and innovation. Its core focus includes delivering quality care and services across LTC, supportive housing, independent and assisted living, and memory care settings.

‍

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

Back to Newsroom
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.

More news

See all news

  • Sencap Closes First Ontario Sikh-Punjabi LTC Project Financing

  • Sencap Closes Muslim Welfare Canada LTC Project Financing

  • Cil Mariano Joins Sencap’s Toronto Office

  • Vincent Li Joins Sencap’s Toronto Office

  • Sencap Closes Ted Laurier Place LTC Financing

  • Alan Chen to lead Sencap Infrastructure Advisory

  • Sencap Closes Riverdale Living Orleans LTC Financing

  • Sencap Closes Villa Belle Vie Inc. LTC Project Financing

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

About UsOur ProcessNewsFinancing Solutions
Debt SolutionsEquity SolutionsLTC Capital Program
TransactionsContact
©
current date here
Sencap Partners Inc.