CBRE arranged the refinance of The Springs at Tanasbourne, a Class-A seniors housing community in Hillsboro, Oregon, on behalf of a joint venture between an institutional partner and The Springs Living. Aron Will, Matt Kuronen and Michael Cregan of CBRE National Senior Housing arranged the financing. The community was originally developed in 2009 by Springs and is situated within the affluent west-Portland submarket of Hillsboro. It features 148 independent living, 70 assisted living and 12 memory care units.
CBRE originated a $57.5 million, five-year loan with five years of interest only through its Fannie Mae DUS lending platform.
