NEW CITY, N.Y. and TOWNSHIP OF WASHINGTON, N.J. — Bain Capital Real Estate and Capitol Seniors Housing have received a $48 million loan for the refinancing of two seniors housing communities. The communities include The Chelsea at New City in New City, New York, and The Chelsea at Washington Township in the Township of Washington, New Jersey.
JLL Capital Markets secured the three-year, floating-rate loan through a large regional bank on behalf of Bain and Capitol Seniors Housing.
Built in 2021, The Chelsea at New City totals 80 assisted living, memory care and respite care units. Amenities at the property include a beauty salon and barber, sports lounge, computer lab, movie theater, transportation services and health and wellness programs.
The Chelsea at Washington Township was built in 2023 and features 85 assisted living and memory care residences, as well as amenities similar to those of The Chelsea at New City.