Berkadia arranges four loans worth $49M
Berkadia Commercial Mortgage LLC has arranged four acquisition loans totaling $49.3 million through Fannie Mae for Capital Senior Living Corporation.
The first loan was for $21 million for Sugar Grove Senior Living in Indiana, followed by $12. 4 million for Woodview and $10.3 million for River Crossing Independent & Assisted Living Community, also in Indiana. There is a $5.6 million loan for Dillon Pointe Assisted Living and Memory Care, in Spartanburg, SC.
Each 10-year, fixed-rate loan amortizes over 30 years. The average occupancy for all four properties is above 95%.