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.