The company will use the mortgage to capture equity from existing properties and grow its businesses.
"This financing came at an opportune time for Juniper Communities,"Â said Lynne Katzman, president of Juniper Communities. "It provides us the flexibility to execute our growth plans and meet our general corporate needs."Â
As part of its relationship with GE Healthcare Financial Services, Juniper Communities also tapped into the lender's At the Customer For the Customer program, which assists customers in tackling business challenges by applying best practices used to run GE's family of businesses. In this situation, GE combined its financial expertise in the healthcare industry with its best practices, and worked with Juniper Communities to evaluate and improve employee incentive programs and retention as well as payables management.
"This partnership is a great example of how we work best with our customers,"Â said Kristen Ahrens, vice president of real estate for GE Healthcare Financial Services. "Not only were we able to provide a tailored financing solution for Juniper Communities, but we also had the opportunity to really make an impact on the company's day-to-day activities through our At the Customer, For the Customer program"Â - General Electric.