BETHESDA, Md. — Berkeley Point Capital has closed a $24.2 million Freddie Mac 7-year fixed rate term loan with an interest-only period for ROC Seniors Housing Fund Manager LLC, a subsidiary of Bridge Investment Group Partners LLC. The loan facilitated ROC’s purchase of Courtyard at Jamestown, a 132-unit assisted living and dementia care seniors housing community located in Provo, Utah that opened in 1999.
Courtyard at Jamestown is located in the northern portion of Provo, approximately three miles north of the central business district and two miles north of the campus of Brigham Young University.
Doug Harper, director, led the Berkeley Point Capital team to structure the Freddie Mac financing.