BMO Harris Provides $16.7M Acquisition Financing for Community in Bellevue, Washington

BELLEVUE, Wash. — BMO Harris Bank’s Commercial Real Estate Healthcare group has closed $16.7 million in acquisition and renovation financing for Sagebrook, an independent living, assisted living and memory care community in Bellevue.

Altum Senior Living operates the 108-unit community, which is located across Lake Washington from Seattle. The property offers assisted living and memory care.

A large strategic investor in the seniors housing industry teamed up with a regional partner to complete the acquisition. Further information on the buyer, seller and community was not disclosed.

A Cushman & Wakefield team including Richard Swartz, Jay Wagner, Aaron Rosenzweig and Sam Dylag brokered the transaction.