Eastern Union Arranges $15.9 Million Loan to Convert Assisted Living Facility into Multifamily Property in East Peoria

Eastern Union has secured a $15,918,000 acquisition and construction loan for the conversion of an assisted living facility into a 246-unit multifamily property located in East Peoria, Illinois. The financing was arranged by senior loan originator Joe Siegfried on behalf of borrower The H&A Group.

By Eastern Union · PR Newswire · May 28, 2026, 12:42 UTC

Topics: acquisition construction loan multifamily development

Read the full article at PR Newswire

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