Berkadia Seniors Housing & Healthcare facilitated the sale and financing of a 90-unit assisted living and memory care community in Edmond, Oklahoma. Built in 2016, the community features 58 AL and 32 MC units and is among the newest seniors housing communities within the Oklahoma City market, which has seen minimal new development over the past four years.
The buyer was Legend Senior Living, which will rebrand the community as Legend of Edmond. It was formerly known as StoneCreek of Edmond Assisted Living and Memory Care. Cody Tremper, Dave Fasano, Ross Sanders and Mike Garbers of Berkadia represented the seller, StoneCreek Real Estate Partners. Rafael Nobo and Alex Rosenfeld of Berkadia secured the acquisition financing through Fannie Mae. The loan features an attractive rate and interest-only period.
