NEW YORK CITY — Berkadia has arranged the $627.2 million refinancing of a seniors housing portfolio. Austin Sacco, Steve Muth, Garrett Sacco and Alec Rosenfeld of Berkadia Seniors Housing & Healthcare secured the financing on behalf of an undisclosed borrower.
Located across 15 states, the portfolio comprises 4,395 units across 35 properties. Communities within the portfolio feature independent living, assisted living and memory care residences.
This marks one of the largest seniors housing refinancings in recent years, according to New York-based Berkadia.
“We are thrilled to have represented such a premier client on this landmark refinancing,” says Austin Sacco, managing director with Berkadia. “This deal marks a significant milestone for both of our organizations and solidifies Berkadia Seniors Housing & Healthcare as the pre-eminent, go-to lender for complex, large-scale transactions within the permanent debt landscape.”