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BRENTWOOD, Tenn. — Brookdale Senior Living has received a $248.9 million loan for the refinancing of a portfolio totaling 5,027 units.
Situated in 14 states, the portfolio comprises 45 communities.
Allison Holland, Alex Sheaffer and William Roberts of JLL Capital Markets arranged the refinancing on behalf of Tennessee-based Brookdale.
The five-year, fixed-rate loan through Fannie Mae is being used to refinance one trance of a three-tranche Fannie Mae credit facility originated in 2017.
The portfolio features a full continuum of care, with properties in markets including Phoenix, Los Angeles, San Francisco, Denver, Charlotte, Houston and Dallas.