Tampa firm gets new credit line to create ‘vibrant’ senior communities

A $50 million line of credit from Hancock Bank is giving Validus Senior Living the fuel it needs to acquire or refinance senior living communities.

Validus, a Tampa-based owner of senior living communities, used the line of credit to buy Inspired Living at Tampa at 5130 Kelly Road last month, and is in the process of purchasing Inspired Living at Bonita Springs, in a deal expected to close before the end of March.

The company also refinanced Inspiring Living at Sun City Center. All three are new… …read more