CBRE Arranges $9M Refinancing for Memory Care Community in Washington

WENATCHEE, Wash. — CBRE has arranged a $9 million refinancing for Fieldstone Memory Care of Wenatchee, a recently completed memory care community in Wenatchee. 

The property is located in the central portion of Washington state, approximately midway between Seattle and Spokane. The borrowers are a joint venture between Bourne Financial Group and Cascadia Senior Living.

Located on 4.1 acres, Cascadia will continue to operate the 48-unit property following the loan closing.

Aron Will and Tim Root of CBRE National Senior Housing arranged the five-year, floating-rate loan with 36 months of interest-only payments from a regional bank.