ROCK HILL, S.C. — Cushman & Wakefield’s Senior Housing Capital Markets team has arranged $17.5 million in financing for the construction of HarborChase of Riverwalk, an 88-unit assisted living and memory care community in the Charlotte suburb of Rock Hill.
The borrower is private equity firm Bridgeforth Capital. An affiliate of OZ Real Estate is providing the capital.
HarborChase of Riverwalk, expected to open mid-2019, will feature 63 assisted living units and 25 memory care units.
The development will be located in a thriving south Charlotte market as part of Riverwalk Carolinas. The master-planned community will include over 1,000 single-family homes and 550 apartments, as well as retail and restaurants. Additional amenities include recreational trails and outdoor spaces.
The Cushman & Wakefield team involved in the transaction included Richard Swartz, Aaron Rosenzweig and Timothy Hosmer.