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GREENVILLE, S.C.; CHARLOTTE, N.C.; AND KENMORE, N.Y. — Bellwether Enterprise Real Estate Capital LLC has arranged three loan deals totaling more than $62 million to finance three assisted living and memory care communities in Greenville, one assisted living and memory care facility in Charlotte and a 150-unit affordable seniors housing development in the Buffalo suburb of Kenmore.
The national seniors housing and care team at Bellwether originated the Carolina loans, led by Ryan Stoll, Taylor Mokris and Kim Huffstutler. Lundat Kassa and Anthea Martin originated the New York loan.
The five properties are:
- Fairview Park Senior Living, Oakview Park and Spring Park in the Greenville area received a $42.7 million fixed-rate Fannie Mae refinancing originated on behalf of Atlas Senior Living.
- Sunflower Springs received a construction loan to build a 105-unit assisted living and memory care community in the suburbs of Charlotte. Bellwether sourced a 75 percent loan-to-cost loan with a fixed rate.
- Ken-Ton Presbyterian Village received a $6.5 million refinancing on behalf of the borrower, Beechwood Continuing Care. The transaction frees up millions in cash reserves tied to the asset’s previous HUD-insured loan while achieving debt service payment savings for the borrower.