Focus Healthcare Partners Secures $37 Million Loan To Acquire Hearthwood Senior Living In Bartlett

The transaction involved the acquisition of the Hearthwood Senior Living community, a senior housing asset consisting of 293 units situated on 37 acres at 825 Carillon Drive in Bartlett, Illinois. The loan amount secured for this acquisition was $37,000,000, classified as non-recourse financing to facilitate the repositioning efforts of the property.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $37,000,000
• Units: 293
• Acres: 37
• Address: 825 Carillon Drive
• Market: Bartlett
• Landlord: Paul Froning, Curt Schaller, Michael Feinstein & Scott MacGregor - Focus Healthcare Partners
• Brokers: Ryan Stoll & Taylor Mokris - Bellwether Enterprise (BWE)
• Loan Type: Acquisition
• Loan Terms: non-recourse

BWE arranged the financing to allow Focus Healthcare Partners to initiate over $15 million in capital improvements for the Hearthwood community. The planned upgrades include enhancements to the lobby and amenities, unit refreshes, as well as the development of new dining and entertainment spaces.