Less than a year after opening its luxury independent living community in Colorado Springs, Colorado, The Wolff Company turned to Nicole Brickhouse and Leon McBroom of HFF to refinance its existing construction debt with a $31 million floating-rate bridge loan.

This 160-unit community, operated by Clearwater Living, is part of Wolff’s major investment in the industry, which reportedly will top $300 million annually to develop new high-end communities mainly in the western United States.