Canyon Partners Real Estate Provides $47 Million Loan To AEW Capital Management And REDICO For Oak Park Senior Housing

The asset involved in the transaction is a 174-unit senior housing community located at 703 Madison Street, Oak Park, IL. This seven-story property includes independent living, assisted living, and memory care units, along with upscale amenities and is conveniently located near retail and medical services.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $47,000,000
• Lender: Josh Friedman - Canyon Partners Real Estate
• Landlord: Jon Martin - AEW Capital Management
• Landlord: Dale Watchowski - REDICO
• Loan Type: Refinance

The transaction was facilitated by Canyon Partners Real Estate, which provided the $47 million senior loan for refinancing American House Oak Park. The deal involved key players, Josh Friedman representing Canyon Partners Real Estate and the landlords Jon Martin of AEW Capital Management and Dale Watchowski of REDICO.