CBRE Refinances DiNapoli Portfolio

DiNapoli Capital Partners has refinanced five of its California senior living properties, thanks to a structured ARM loan originated by Andrew Behrens, Aron Will, Austin Sacco and Adam Mincberg of CBRE. All acquired individually over the last four years, these communities total 560 units and vary in their ages, ranging from the 1980s to 2008, but have been fully repositioned to compete with the newer builds in each of their respective markets. Integral Senior Living operates three of the communities, with two in southern California and one in northern California, and Westmont Senior Living manages the two communities in Roseville in the Sacramento area.

DiNapoli spent well over $115 million to acquire this portfolio over the years and obtained a $91.8 million 10-year Fannie Mae loan to refinance them. The loan came with five years of interest only.

 

 

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