Berkadia announces $156 million in financing

Share this content:

Berkadia Commercial Mortgage LLC recently worked with Capital Senior Living Corp. in arranging $156.6 million to finance 15 seniors housing properties located in seven states.

Highlights of the transaction include:

  • Berkadia worked with Fannie Mae to originate $135.5 million for 12 properties with a total of 1,575 units, including independent care and assisted living units. The properties are in Kansas, Ohio, Mississippi, Missouri and Texas. 
  • Berkadia closed an additional $9.3 million for the sale of two properties in Oklahoma City and Shreveport, LA. Each property has 119 independent living units.
  • Berkadia also secured an $11.8 million loan for a property in Canton, OH. The interim financing will be used to reposition and renovate the property, which has 239 assisted living and independent units.

These transactions were led by Lisa Lautner, senior vice president of Berkadia's Seniors Housing and Healthcare group.

close

Next Article in Product News

Sign up for newsletters

In Focus

May 16

$3 million milestone

Parkville, FL 

Oak Crest recently passed the $3 million mark in the amount of scholarship funds the community has awarded to employees over the past 22 years.