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CENTRAL FLORIDA — Berkadia’s Seniors Housing & Healthcare Group has arranged $5.2 million in financing for six memory care facilities in Central Florida.
The transaction refinances 36 memory care units across six six-unit residential homes situated in two counties. Berkadia processed the transaction as a scattered-site loan under HUD’s 232/223(f) program.
The 34-year term loan represents a 60 percent loan-to-value ratio and a debt load of $143,300 per bed.
Ed Williams secured the financing on behalf of the California-based sponsor. Further details on the properties were not disclosed.