Assisted Living

EDINA, Minn. — CBRE has arranged a $33.2 million loan for a joint venture between The Waters Senior Living and an undisclosed institutional investor. The capital will be used for the acquisition of The Waters of Edina, a 139-unit assisted living and memory care community in the Minneapolis suburb of Edina.

TEQUESTA, Fla. — Capital One has provided a $14.1 million HUD loan modification to Tequesta Terrace, a 100-bed assisted living facility in Tequesta, approximately 90 miles north of Miami.

ST. PAUL, Minn. — Harborview Capital Partners, a commercial real estate finance, equity and advisory firm, has arranged a $10.6 million refinancing for an undisclosed, 115-bed assisted living community in St. Paul.

SIERRA MADRE, Calif. — RED Capital Group has arranged a $29 million Fannie Mae loan for Kensington SM GP LLC, which will use the capital to refinance The Kensington Sierra Madre, a luxury assisted living and memory care community in the Los Angeles suburb of Sierra Madre.