Baltimore, MD —Top California Lender has finalized a $16.3 million construction loan to fund the redevelopment of a historic property in Pikesville, Baltimore County, into a modern assisted living community. The project will transform the existing building into a sophisticated, resident-focused environment designed to serve seniors in Pikesville, Owings Mills, and surrounding neighborhoods.
Once completed, the development will feature state-of-the-art living spaces, wellness amenities, sustainable materials, and enhanced support services tailored to meet the needs of aging residents. The project is expected to contribute to Baltimore County’s expanding senior housing infrastructure while preserving local architectural character through adaptive reuse.
The financing package, secured at a competitive interest rate and including an interest reserve, underscores Top California Lender’s national reach and expertise in supporting complex redevelopment projects. The borrower — an experienced developer specializing in healthcare and senior living facilities — aims to revitalize the property while boosting neighborhood vitality and creating local employment opportunities.
.avif)
“Demand for assisted living in Pikesville and surrounding areas is growing rapidly,” said Jerry Dean, Chief Executive Officer of Top California Lender. “We are proud to provide the financing that empowers developers to deliver meaningful, community-focused projects that benefit both residents and the neighborhood.”
The new assisted living community will offer a safe, comfortable, and engaging environment, reflecting Top California Lender’s commitment to supporting projects that blend social impact with economic value.
Founded in Santa Monica, California, Top California Lender has built its reputation on bridging the gap between borrowers and tailored financial solutions. The firm provides a full suite of lending products, including rehab/renovation loans, construction loans, bridge loans, commercial acquisition financing, and change-of-use loans.
Since its founding, Top California Lender has evolved from a boutique financing firm into a nationwide lending powerhouse, recognized for its flexibility, transparency, and personalized service. Its financing portfolio spans residential, commercial, and healthcare projects, reflecting its core mission to empower developers and communities alike.
Originally reported by Top California Lender in Open PR.
.webp)
.png)
