Berkadia Secures $5.2M Financing for Memory Care Portfolio in Central Florida

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.