CBRE National Senior Housing arranged a refinance for the PinPoint Portfolio on behalf of senior care provider PinPoint Commercial. Aron Will and Michael Cregan arranged the $62.1 million, three-year, interest only loan. The loan was provided by funds managed by affiliates of Fortress Investment Group through its core real estate lending strategy.
The portfolio features five seniors housing communities that total 430 assisted living (64) and memory care (22) units. The properties were originally developed by PinPoint between 2015 and 2018, with four in Texas (El Paso, Richmond, Lubbock and Amarillo) and one in Sante Fe, New Mexico. Overall occupancy was approaching 90% at the time of the refinance. Pegasus Senior Living has operated the portfolio since 2024 and will continue to manage the portfolio under a third-party management contract.
