Finance

Avanti-Hills_Mesquite-Texas
Affordable HousingDevelopmentFinanceNewsTexas

Walker & Dunlop Arranges $30M Financing for Affordable Seniors Housing Project in Texas

by Hayden Spiess

MESQUITE, Texas — Walker & Dunlop has arranged approximately $30 million in financing for Avanti Hills, an affordable seniors housing community currently under development in Mesquite in the Dallas-Fort Worth metro. The project is being developed by a joint venture between KCG Development, The Javelin Group and the Mesquite Housing Finance Corp.  Walker & Dunlop Affordable Housing Equity provided low-income housing tax credit (LIHTC) equity for the project, which is supported by tax-exempt bond financing through the Mesquite Housing Finance Corp. Citi Community Capital and Bank of America are serving as …

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Aspire-West-End_Richmond-Va
FinanceIndependent LivingNewsVirginia

Bonaventure Launches $32M DST for Community in Richmond, Virginia

by Hayden Spiess

RICHMOND, Va. — Real estate investment firm Bonaventure has launched Aspire West End DST, a $32 million Delaware statutory trust (DST) offering investors fractional ownership in Aspire West End.  Located in Richmond, Aspire West End totals 148 independent living units. Amenities at the community include an indoor swimming pool, fitness enter, movie theater, salon and spa, art studio, meeting and game rooms, walking paths, outdoor patios, fire pit and gazebo areas, a bistro and private dining rooms.  Bonaventure developed the property in 2018 and has owned and operated the community since …

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FinanceMemory CareNewsTexas

Cambridge Provides $5M HUD-Insured Loan for Memory Care Property in Texas

by Hayden Spiess

IRVING, Texas — Cambridge Realty Capital has provided a roughly $5 million HUD-insured loan for the refinancing of Avalon Memory Care, a memory care property located in Irving.  The borrower is a Texas-based limited liability company. According to Cambridge, the loan was part of a larger $29.7 million loan package to replace mortgage debt on eight communities throughout the Dallas-Fort Worth metro. 

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AcquisitionsAssisted LivingFinanceGeorgiaIndependent LivingMemory CareNews

JLL Arranges $21M Acquisition Financing for Community in Metro Atlanta

by Hayden Spiess

STOCKBRIDGE, Ga. — JLL Capital Markets has arranged $21 million in financing for the acquisition of a senior living community located in Stockbridge, roughly 20 miles southeast of downtown Atlanta. An entity doing business as 1031 CF Properties is the borrower.  Old Second National Bank provided the loan.  Built in 2022, the property, Oaks at Eagle’s Landing, totals 122 units, with independent living, assisted living and memory care residences. Amenities at the community include a fitness center, library, salon, bar, art studio, game room, cards and billiard room, movie theater, courtyard, …

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Meridian-at-Brandon_Brandon-Fla
Assisted LivingFinanceFloridaMemory CareNews

Live Oak Bank Provides $20.5M Refinancing for Community Near Tampa

by Hayden Spiess

BRANDON, Fla. — Live Oak Bank has provided $20.5 million in refinancing for The Meridian at Brandon, a senior living community located approximately 15 miles east of Tampa.  A joint venture between Madison Marquette and Meridian Senior Living owns the property. The Meridian at Brandon totals 136 assisted living and memory care units.   

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RISE_Jacksonville-Fla
Active AdultDevelopmentFinanceFloridaNews

BWE Arranges $101M Bridge Loan for Active Adult Community in Jacksonville

by Hayden Spiess

JACKSONVILLE, Fla. — BWE has arranged a $101 million bridge loan for the refinancing of RISE at Glen Kernan Park, a newly delivered active adult community in Jacksonville. Developer and property management firm RISE is the borrower.  Rise at Glen Kernan Park, which totals 308 units, received its final certificate of occupancy in May 2026. Residences at the community include one- and two-bedroom apartments and single-story cottages reserved for residents age 55 and older. Amenities at the property include a clubhouse, fitness facility, swimming pool, pickleball courts and a bar and …

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FinanceNew YorkNews

MonticelloAM Provides $30M Bridge Loan for Assisted Living Community in New York

by Hayden Spiess

NEW YORK CITY — Seniors housing and multifamily lending firm MonticelloAM has provided a $30 million bridge loan for an assisted living community located in New York.  The borrower, a Northeast-based seniors housing owner and operator, used the loan proceeds to fund the acquisition of the property.  The facility totals 120 licensed beds. 

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Deer Park Village
AcquisitionsFinanceIllinoisNews

Inland Receives $112M Acquisition Financing for Portfolio in Metro Chicago

by Hayden Spiess

BATAVIA and DEER PARK, Ill. — The Inland Real Estate Group has received $112 million in acquisition financing for the purchase of a seniors housing portfolio in metro Chicago.  Totaling 330 units, the portfolio includes Deer Park Village in Deer Park and The Landings in Batavia. The communities comprise 188 and 142 units, respectively. Both properties feature a continuum of care, with independent living, assisted living and memory care residences.  Dial Senior Living will continue to manage the properties on behalf of the new ownership.  JLL Capital Markets arranged the financing …

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The-Steven_Rocklin-Calif
Affordable HousingCaliforniaDevelopmentFinanceNews

Merchants Capital Provides $193.8M in Construction Financing for Affordable Communities Near Sacramento 

by Hayden Spiess

ROCKLIN, Calif. — Merchants Capital has provided $193.8 million in construction financing for the development of two new affordable multifamily communities in Rocklin, about 20 miles northeast of Sacramento.   Dubbed The Frances and The Steven, the properties are being developed by USA Properties Fund. Upon completion, The Steven will feature 180 units for seniors age 55 and older, with residences reserved for renters earning between 30 and 70 percent of the area median income. Nonprofit LifeSTEPS will provide support services including classes in health and wellness, financial literacy, computer training, homebuying, …

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Sharon-SouthPark_Charlotte-N.C
CCRCDevelopmentFinanceNewsNorth Carolina

Ziegler Closes $166.4M Bond Financing for Community Expansion in Charlotte

by Hayden Spiess

CHARLOTTE, N.C. — Ziegler has closed approximately $166.4 million in bond financing on behalf of The Presbyterian Home at Charlotte, doing business as The Sharon at SouthPark.  Originally founded in 1964, the organization owns and operates a continuing care retirement community in Charlotte. Situated on 28.1 acres in the SouthPark area of Charlotte, the community currently features 247 independent living residences, 38 assisted living units and 96 skilled nursing beds.  Proceeds from the financing will be used to fund an expansion project at the property. The expansion will add 64 new …

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