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LEXINGTON, Ky. — Bellwether Enterprise Real Estate Capital LLC has provided a $36.3 million permanent loan through Fannie Mae’s seniors housing program for the refinance of Legacy Reserve at Fritz Farm.
The community opened in Lexington in summer 2017, featuring 144 independent living, 33 assisted living and 15 memory care units. The borrower is owner-operator Atlas Senior Living.
John Powell of Bellwether’s Chicago office arranged the 12-year, fixed-rate loan on behalf of Atlas.