ATLANTA — Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance Group has arranged $125 million in financing for the acquisition of four independent living communities in four states. Details on the buyer, seller and specific communities were not disclosed.
The financing was arranged as $25 million in supplemental loans and $100 million in assumption loans, which replace existing loans Grandbridge previously arranged for the seller. All the loans are through Fannie Mae.
Grandbridge’s Atlanta-based Seniors Housing and Healthcare Finance Group offers construction, nonrecourse acquisition/bridge and permanent financing options to seniors housing owners nationwide.