JLL Capital Markets arranged refinancing for a seniors housing community in Rio Rancho, New Mexico. JLL secured the five-year, fixed-rate loan through a life insurance company. Built in 1997 and renovated in 2019, Fairwinds Rio Rancho features 220 independent living and assisted living units. It is three stories and comprises 211,213 square feet.
Alanna Ellis, Jay Wagner, Aaron Rosenzweig and Alex Sheaffer handled the transaction on behalf of the borrower, Lytle Enterprises. Lytle’s portfolio consists of 18 independent living and assisted living communities that total 3,000 units, with an average property size of 157 units.
