CBRE Negotiates $7.4M Acquisition Loan for 73-Unit Community in Virginia

by Jeff Shaw

WINCHESTER, Va. — CBRE has arranged a $7.4 million loan for a joint venture between Care Investment Trust and affiliates of Inspirit Senior Living. The capital will be used to purchase Hilltop House Assisted Living, a 73-unit independent living, assisted living and memory care community.

Inspirit will operate the property, which is located in Winchester, approximately 75 miles northwest of Washington, D.C.

Aron Will of CBRE National Senior Housing arranged the five-year, floating-rate loan with 18 months of interest-only payments. A regional bank provided the capital.

Care Investment Trust is a seniors housing REIT and a wholly owned subsidiary of Tiptree Financial Inc. (NASDAQ: TIPT). Inspirit is a seniors housing operator formed in 2015.

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