Protea Capital Partners Finances Florida Development
JLL Capital Markets assisted a developer, Protea Capital Partners, in arranging $34.5 million in financing for the construction of HarborChase of Beachwalk, a 172-unit seniors housing community in St. John’s, Florida. Multiple bids were generated, and Protea was ultimately able to secure a five-year construction loan with a regional bank on favorable terms. JLL’s Capital Markets team representing the borrower was led by Olga Walsh, Aaron Rosenzweig and Dan Baker. Slated for completion in October 2027, HarborChase of Beachwalk will offer 82 independent living, 66 assisted living and 24 memory care units across multiple three- and four-story buildings. Floor plans will range from studios to... Read More »
Walker & Dunlop Arranges Construction Funding
Walker & Dunlop, Inc. arranged $40.52 million in debt and equity for the construction of The Highlands, a 137-unit affordable development for seniors in Hyattsville, Maryland. PJ McDevitt, managing director of W&D Affordable Debt, arranged the debt, and Macy Kisilinsky, senior managing director of W&D Affordable Equity, arranged the debt placement and equity syndication for the project. The terms were arranged on behalf of Community Housing Initiative, Inc., which is partnering with First Baptist Church of Highland Park (FBCHP) to build the affordable seniors housing project. The Highlands will be financed with an unfunded forward Freddie Mac TEL, including a taxable tail,... Read More »
Newmark Negotiates Several Large Financings
Sarah Anderson of Newmark has closed some notable financing transactions in the last couple of months, in addition to arranging acquisition financing for numerous deals handled by the Newmark investment sales team. One of the closings was for Vivante at Turtle Creek, a to-be-built seniors housing community on the prestigious Turtle Creek Boulevard in Dallas, Texas. Set on 1.37 acres and rising 20 stories, the property will be one of the most luxurious seniors housing communities in the country. It will feature 193 total units, with 164 assisted living and 29 memory care units ranging in size from 900 to 3,000 square feet. There are also high-end finishes and unique amenities, such as a... Read More »
CCRC Development Secures Construction Financing
Capital Funding Group closed a $179.8 million construction loan on behalf of Erickson Senior Living. The financing will support the first phase of construction for Emerson Lakes, a CCRC currently under development in the Lakewood Ranch community in Sarasota County, Florida. CFG closed the financing on September 22, 2025. Developed and managed by Erickson Senior Living, phase one of this project will include one community building and three residential buildings with 319 independent living units. Once all project phases are completed, Emerson Lakes will be an 87-acre campus featuring 1,015 IL units and 130 continuum care units. This financing is the second construction loan CFG has executed... Read More »
DMK Development Group Divests to Town Lane
DMK Development Group has had a busy summer with two divestments and several developments. After divesting a four-asset seniors housing portfolio in Kentucky to American Healthcare REIT for $65.3 million, or $206,600 per unit, in July, DMK sold a 167-unit seniors housing community in Venice, Florida. The buyer was New York-based real estate investment manager Town Lane. The company assumed a $25.71 million mortgage on the property in the off-market transaction. Atlas Senior Living will continue to operate the community. Developed by DMK in 2023, The Goldton at Venice was highly occupied at the time of sale. The community offers a full continuum of care, including 114 independent... Read More »Schedule a demo
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