Berkadia arranges $93M to finance ROC
Berkadia has arranged for $93.2 million in financing for two transactions for ROC Seniors Housing Fund Manager LLC. The first transaction includes the purchase of a portfolio of seniors housing assets in six states; the second involves a stand-alone facility in Ohio.
ROC is a private equity real estate manager targeting core, value add and new development seniors housing investments in the U.S.
Berkadia also recently secured $9.2 million for a three-year, floating-rate loan through its Proprietary Bridge Lending Program to acquire The Landing of Canton. The facility consists of 76 units for assisted living and memory care in Canton, OH.