provide capital for

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The challenge was to find an institutional partner that would provide capital for construction, acquisition, development and working capital funding for relatively small properties costing under $5 million each in mostly secondary locations across a number of different states," notes Paul Fried, an AFC principal, who placed the transaction with an institutional private equity fund.
Provident will use the five-year line of credit to acquire senior living properties and to provide capital for corporate operations.
In particular, financing institutions are extremely hesitant to provide capital for construction of new or unstabilized hotels.