CBRE Negotiates $85M Refinancing for Three Communities Near Chicago, Kansas City

CHICAGO and KANSAS CITY, Mo. — CBRE National Senior Housing has arranged a refinancing for three seniors housing communities known as Anthology of Grayslake, Anthology of Wheaton and The Sheridan at Overland Park, located in affluent submarkets of Chicago and Kansas City.

The communities, built in 2016 and 2017, consist of 210 assisted living units and 98 memory care units. The Illinois communities are operated by Anthology Senior Living, CA Ventures’ wholly owned senior living operating platform, and the Overland Park community in Kansas City is operated by Senior Lifestyle Corp.

CBRE secured an $85 million, multi-year, floating-rate bridge loan with full-term interest-only payments and extension options through its multifamily bridge lending program, MF1 Capital LLC.

Aron Will, Austin Sacco and Adam Mincberg of CBRE National Senior Housing arranged the financing on behalf of a joint venture between CA Ventures and Partners Group.