CBRE arranges financing for 15-CCRC portfolio

June 17, 2015March 5, 2018 Steve Monroe Financings Arcapita, CBRE, CCRC, Fountains Senior Living, Freddie Mac, NorthStar, The Freshwater Group, Watermark Retirement Communities Leave a comment

Aron Will, Mitchell Kiffe and Matthew Whitlock of CBRE arranged $410 million in financing on behalf of NorthStar Healthcare Income and The Freshwater Group/Watermark Retirement Communities to purchase a portfolio of 15 rental and entrance fee CCRCs. The seller, Fountains Senior Living, a subsidiary of Arcapita, had previously hired Watermark as the day-to-day operator of […]

Berkadia Closes a Big One

May 29, 2015March 5, 2018 Steve Monroe Acquisitions, Financings Berkadia, NorthStar Leave a comment

Just how did NorthStar Realty Finance Corp. fund its $875 million acquisition of a 32-property senior living portfolio? They hired Chris Fenton and Jay Healy of Berkadia Seniors Housing and Healthcare to secure $648.2 million of Fannie Mae debt. The 10-year fixed-rate financing features a 4.17% interest rate, a 73.5% loan-to-value and a 30-year amortization. All […]