Closing the Loans and Starting Construction

The financing for the Green House Residences has been finalized! We have signed all of the paperwork and the loans with Susquehanna Bank and NCB Capital Impact have been recorded. We received the inital draw from the Susquehanna Bank bridge loan yesterday.

Plano-Coudon has received the building permit and surveyed the site with the fencing supplier.

Buying the Land

GEDCO, through its subsidiary Windemere Long Term Care, LLC, has purchased the land from Baltimore City to build THE GREEN HOUSE(R) Residences at Stadium Place. As part of a Land Disposition Agreement, GEDCO has been working for the past 10 years on developing Stadium Place, on the site of the former Memorial Stadium in Baltimore City, into an urban retirement community. The next phase of development is the Green House Residences at Stadium Place, which will be the first Green House model of long term care in Maryland. The deed has been signed with Baltimore City, and it will be recorded today.