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LAKE WORTH, Fla., and TULSA, Okla. — Hudson Realty Capital has originated two bridge loans totaling $37.8 million secured by two senior living and memory care properties located in Lake Worth and Tulsa.
The deal comes on the heels of the company’s hire of Ashley Wilkens as its director, deputy chief underwriter, who brings more than a decade of experience in the capital markets, senior living and healthcare industries.
The proceeds from Hudson’s financings for the sponsor, Columbia Pacific Advisors, will be used to refinance the existing debt for The Landing at Lake Worth and Stonehaven Square in Tulsa, both of which provide assisted living and memory care services. Eric Johnson of Ziegler represented the borrower in the transaction.