The Fellowship Family Secures $44.5 Million Loan For 205-Unit Fellowship Wildlight Development In Yulee

The property asset involved in the transaction is a development site located in Yulee, FL, encompassing a total of 285,613 square feet. The project aims to develop a 205-unit senior housing facility known as Fellowship Wildlight, which will include independent living, assisted living, and memory care units. The property is expected to be completed in 2027 and is strategically positioned to benefit from limited local competition and nearby residential development, ensuring a demand pipeline as the local population ages.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $44,500,000
• Lender: Jared Schlosser - Peachtree Group
• Landlord: The Fellowship Family
• Loan Terms: 30-year

The deal features key individuals and companies, with Jared Schlosser from Peachtree Group acting as the lender. The Fellowship Family is the landlord for the project, securing C-PACE financing intended to fund the development of the senior housing project in Yulee.