CBRE Arranges $4M Supplemental Loan for Community in Las Vegas

LAS VEGAS — CBRE has arranged a $4 million supplemental loan for Acacia Springs, an independent living and assisted living community in Las Vegas.

The borrower is CPF Living Communities, which acquired the property in 2017. Acacia Springs totals 160 units, located 13 miles west of the Las Vegas Strip and 3.5 miles northwest of Spring Valley Medical Center. The operator is Grace Management.

Aron Will, Austin Sacco and Tim Root of CBRE National Senior Housing arranged the fixed-rate loan to be coterminous with the existing Fannie Mae mortgage. Total debt against the property is now $17.5 million.