Wadesboro Direct (Meadowview Terrace of Wadesboro)
The Wadesboro Direct Project is the development, reconstruction, and operation of an Assisted Living facility in Wadesboro, North Carolina.
On completion, the as-new facility will provide 60 new assisted living beds to the Wadesboro and surrounding market. The facility was upgraded and opened under this EB-5 project to include new landscaping, parking lot improvements, exterior building and interior system repairs, and other various building wide upgrades. Renovations also included improvements to furniture, fixtures, and equipment.
The project secured $800,000 in Direct EB-5 equity investment from a single qualified investor. The total development and renovation capital expenditure budget is approximately $1.4 million.
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