CBRE National Senior Housing refinanced Village on the Park Onion Creek, a Class-A senior housing community located in Austin, Texas, on behalf of Bridgewood Property Company. Aron Will, Tim Root and Michael Cregan arranged the $18.24 million loan through CBRE’s Freddie Mac Optigo lending platform. The loan featured a 10-year term and floating interest rate, with five years of interest only. The community will continue to be operated by Bridgewood’s wholly-owned management platform, The Aspenwood Company.
Located in the established neighborhood of Onion Creek, the 124-unit, majority-independent living campus sits on nine acres south of downtown Austin. There are single-story apartments with outdoor patios, standalone IL cottages, 24 units of assisted living, a fitness center, physical therapy office, library, and sunroom/tearoom.
