Berkadia originates $86M package for 15 senior housing properties
Berkadia Commercial Mortgage LLC has originated $85.9 million for a portfolio of 15 seniors housing communities located throughout North Carolina.
The loans will be directed to refinance prior debt on the properties, which Berkadia originated in conjunction with GE Capital Healthcare Financial Services in December 2012. The new loans have a 4.03% interest rate. The 15 communities, operated by Meridian Senior Living, have a total of 1,136 beds and are approximately 90% occupied.