Cushman & Wakefield’s Senior Housing Capital Markets group has arranged $48.2 million in senior construction financing and joint venture equity capital for two senior housing projects for LCB Senior Living LLC.

The projects, located in Easton and Ashland, will be independent living, assisted living and memory care units. M&T Bank provided the construction financing on the Ashland project, while PNC Bank provided the construction financing for the Easton project. The joint venture equity on both projects was provided by an institutional investor.

The Residence at Valley Farm in Ashland will be an 80-unit, 83-bed facility. The three-story, 72,000-square-foot building will be situated on Pond Road, a heavily trafficked retail corridor.

The Residence at Five Corners in Easton will be an 84-unit, 90-bed residence. The site for the three-story, 80,000-square-foot building is located near a shopping center.

Cushman and Wakefield’s Richard Swartz, executive managing director, Jay Wagner, managing director, Aaron Rosenzweig, director, and Stuart Kim, associate, assisted with the transaction.

LCB Senior Living is a senior housing owner and operator. Construction on both projects began in June and both plan to open in late summer or early fall 2015.