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NEW YORK CITY — Berkadia has expanded the capital available for bridge-to-permanent financing through its Seniors Housing & Healthcare platform. Steve Ervin, Michael Cale and Lisa Burgess of Berkadia facilitated the expansion. The capital available for the bridge financing of seniors housing communities has been more than doubled.
“There is significant demand for bridge financing products in the seniors housing and healthcare space,” said Burgess in a statement. “The increased capital available for bridge loans is a crucial addition to our expanding range of capital products, which we have been developing over the past several years, and it will be a tremendous asset to our clients.”