Berkadia Commercial Mortgage LLC has originated $172.1 million in financing for four Brookdale Senior Living communities.
Berkadia Commercial Mortgage has arranged $14.5 million in financing for the acquisition of Vintage Senior Living Campus in St. Joseph, MO, the company said. The financing was through Fannie Mae. The borrower was Capital Senior Living Corporation.
Several capital providers recently announced new deals.
Berkadia Commercial Mortgage recently originated a total of $16.4 million for seniors housing properties in Ohio and Nebraska.
Berkadia Commercial Mortgage recently originated $14.4 million in acquisition financing for borrower Chevalier International Holdings Limited.
Berkadia Commercial Mortgage recently arranged $26.1 million in financing for a portfolio of four senior housing properties across the state of Texas. Senior Vice President Lisa Lautner worked with lender Fannie Mae and borrower Capital Senior Living Corporation to secure 10-year, fixed-rate financing for the acquisition of the properties. The portfolio is made up of four Texas properties that offer independent living, assisted living and Alzheimer's services. Located in Arlington, College Station, Conroe and Stephenville, all four properties were newly renovated between 2010 and 2011 and have an average occupancy rate of 92%.
Berkadia Commercial Mortgage recently originated funding that totals $61.7 million. The capital will cover seniors housing properties in California, Oregon, Texas and Virginia. "We were very pleased to work with one of the premier operators of assisted living communities in the nation on securing financing for these properties," said Lisa Lautner, a senior vice president in Berkadia's Senior Housing Group who arranged refinancing for Alpine Springs, an assisted living campus in Eugene, OR., and Carriage Inn, an independent living facility in Portland, TX. "We were able to work with Freddie Mac to structure and deliver loans that supported the borrower's investment objectives and timeline."