Southeastern Electric Loans
Category: Southeastern, Healthcare, Cooperatives
Sunset Manor received a 0% loan from Southeastern Electric using USDA’s REDL&G program to assist with construction of an assisted living facility and medical clinic in Irene, SD, population 420. The facility has eight (one and two bedroom) apartments and a common dining room. The Manor operates the facility. The clinic is operated by a regional health care system. To assist with interim financing, a REED loan was also made to Sunset Manor.