BWE arranged refinancing for Clarendale Arcadia, a newly constructed senior living community in the Arcadia neighborhood of Phoenix, Arizona. The financing was arranged on behalf of a repeat client joint venture between Harrison Street Asset Management, LCS, and Ryan Companies US, Inc., with LCS serving as the operator.
Ryan Stoll, National Director of Seniors Housing and Care at BWE, and Taylor Mokris, Senior Vice President of Seniors Housing and Care, arranged the non-recourse financing, which features full-term interest-only payments, an initial 36-month term, and two one-year extension options, providing flexibility as the sponsor group continues to stabilize the community.
Developed in 2023, Clarendale Arcadia is a five-story, Class-A community offering 140 independent living, 68 assisted living, and 40 memory care units benefiting from high visibility and proximity to retail, healthcare and recreational activities. The property features select amenities such as gourmet restaurant-style dining, a casual bistro, a fitness and wellness center, a heated swimming pool, Jacuzzi spa, putting greens, a movie theater, a salon and spa, landscaped outdoor spaces with scenic views, and a full-service bar for social gatherings.
