The Reliant Group is going green with its latest acquisition in Fresno, California, thanks to financing arranged by Aron Will, Austin Sacco, Andrew Behrens and Jesse Weber of CBRE. Built in 1989 and since then, the target features 200 units of independent living and assisted living spread across seven buildings, including one main three-story building. It is located in an affluent neighborhood of Woodward Park in Fresno and is within two miles of three healthcare facilities.

Reliant and its operating partner of the deal, Cadence Senior Living, will execute a significant capital improvements project to upgrade the common areas, units and exterior as well as reduce the property’s environmental footprint. To do that (and to finance the acquisition), the CBRE team arranged a $32 million Green Advantage loan through Freddie Mac, with a 10-year term, fixed rate and 72 months of interest only. The deal is one of Freddie Mac’s first Green Advantage loans closed for a seniors housing community.