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RICHMOND, Va. — BWE has arranged a $47 million loan to refinance Discovery Village at the West End, a 219-unit, Class A independent living, assisted living and memory care community in Richmond.
Ryan Stoll and Taylor Mokris arranged the financing on behalf of a large private equity investor. Mesa West Capital provided the funds.
Discovery Village at the West End comprises a 124-unit independent living building and a 95-unit assisted living and memory care building. The property is located on 37 acres and was built between 2011 and 2015
Discovery Senior Living, longtime partner of the institutional owner, manages the property, which was 93 percent occupied as of the time of the refinancing.