Berkadia arranges $26 million in financing
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%.