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FAIRFIELD, Conn. — An undisclosed borrower has received a $35.3 million permanent loan for Sturges Ridge of Fairfield, an assisted living and memory care community located in Fairfield.
Provided through Freddie Mac, the 10-year, fixed-rate loan features full-term interest only payments.
Opened in 2018, Sturges Ridge of Fairfield totals 99 beds across 88 units. Benchmark Senior Living operates the community.
BWE secured the financing on behalf of the borrower.