MidCap Financial, a commercial finance company focused on middle market transactions, closed a first mortgage loan with affiliates of Harrison Street and Banner Real Estate Group. The floating-rate loan refinanced the original construction loan on a Class-A, 240-unit independent living community located in Deerfield, Illinois. Wells Fargo provided the original construction debt. The community has steadily leased up since opening in 2020 and benefits from its affiliation with CJE SeniorLife. The transaction was arranged by Sarah Anderson of Newmark.
MidCap Financial Funds Illinois Refinance
