The project will be partially subsidized, with 19 units (39% of the total units) supported by 20-year Project Based Vouchers provided through Cuyahoga Metropolitan Housing Authority (CMHA). The immediate neighborhood consists of single-family homes and commercial uses, with access to public transit and shopping. The site is currently occupied with a parking lot and vacant freestanding retail building that will be razed prior to development. in Cleveland, available to seniors ages 55 and older. Garrett Square will be a four-story midrise building serviced by two elevators at 1282 E. Additional permanent financing sources include secondary soft loans of $1.7 million provided through the City of Cleveland’s American Rescue Plan Act, $900,000 from City Home, and $450,000 from the County ERA fund. KeyBank will provide a $9 million construction loan and a $2.3 million permanent loan. KeyBank Community Development Lending and Investment (CDLI) provided $11.3 million for 9% tax credit equity to finance the new construction of Garrett Square Apartments, a 49-unit affordable seniors housing project in the Glenville neighborhood of Cleveland, Ohio. and currently operates in 10 countries across Europe. The partnership with Mayden is to support the company’s next phase of growth, and G Square’s investment in Mayden is the third investment by G Square Capital IV. G Square is a leading healthcare private equity investor in Europe and Israel, focusing on middle-market projects with high potential for growth. The platform is used by over 200 mental health services across public, private, and voluntary sectors, and it securely holds 8 million patient records and is trusted by over 40,000 users in the U.K. Mayden’s flagship product, iaptus, is customized to meet the clinical demands of healthcare services, providing healthcare professionals with a variety of additional features to maximize the benefits to services, clinicians, and patients. Mayden is a market-leading electronic health record solutions provider for behavioral health therapies based in the UK. Cain Brothers worked alongside our European partner, Clearwater International, led by Partner Wesley Fell-Smith and Director Hemavli Bali.

This partnership marks a milestone in Mayden’s journey and underscores its commitment to design, build, and support insightful and interoperable systems for healthcare services in the U.K. For more information about Lindsay Goldberg, please visit Cain Brothers, a division of KeyBanc Capital Markets, and Clearwater International served as financial advisors to Mayden in connection with its partnership with G Square Healthcare Private Equity. Lindsay Goldberg takes a relationship-driven approach and is supported by its global network of affiliate partners. The firm focuses on three industries that typically demonstrate resilience across economic cycles, including industrials, services, and healthcare. Since 2001, Lindsay Goldberg has raised more than $17 billion of equity capital and has invested in over 60 platform companies and over 300 follow-on opportunities. Aspire was carved out of ARYZTA AG following the acquisition by Lindsay Goldberg in May 2021.įounded in 2001 and headquartered in New York, Lindsay Goldberg is a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses.

Aspire serves leading customers in the quick service restaurant (QSR), foodservice, and retail markets. Headquartered in Los Angeles, California, Aspire is one of the largest providers of frozen baked goods in North America. KBCM was selected to serve as Joint Lead Arranger, Joint Bookrunner and Co-Documentation Agent on the transaction due to our industry expertise, debt capital markets capabilities, and long-standing relationship with the Sponsor. Proceeds from the transaction were used to repay existing indebtedness, including second lien debt, for general corporate purposes and to pay transaction-related fees. The Credit Facilities consist of a $140 million Revolving Credit Facility and a $425 million Term Loan B Facility. On December 22, 2023, KeyBanc Capital Markets (KBCM) successfully closed the syndication of $565 million Senior Secured Credit Facilities (the Credit Facilities) for Aspire Bakeries Holdings LLC (Aspire or the Company), a portfolio company of Lindsay Goldberg (Lindsay Goldberg or the Sponsor).

The loan arranger santa fe commercial