Berkadia secured $27.5 million in financing for a seniors housing community in Idaho. The asset comprises 191 independent living and assisted living units, and was 97% occupied at the time of closing.
Bianca Andujo and Steve Muth closed the financing through HUD’s 232/223(f) program for a first-time Berkadia client based in Tennessee. The loan features a 35-year, fixed-rate term, and refinanced a bridge loan provided by Berkadia’s proprietary lending group and a bank partner.
The bridge loan, which was outstanding for less than a year, provided financing for the subject community, plus an additional one that is expected to receive permanent HUD financing in 2026.
