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9875 Cherryleaf Drive, 2209 Saint Joe Center Road & 1901 Taylor Road
FINANCED

Ziegler Secures $32M Loan For BHI Senior Living Senior Housing Development

9875 Cherryleaf Drive, 2209 Saint Joe Center Road & 1901 Taylor Road

Senior Housing
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Summary

Loan
INDIANA
Senior Housing

The loan amount of $32,000,000 was secured by Ziegler for BHI Senior Living, facilitated for new construction at its Hoosier Village campus in Zionsville, Fort Wayne, and Columbus, IN. The funds will be utilized to add 40 upscale independent living townhomes spanning two phases, with initial entrance fees being leveraged for financing.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $32,000,000
  • Units: 1,133
  • Address: 9875 Cherryleaf Drive, 2209 Saint Joe Center Road & 1901 Taylor Road
  • Market: Zionsville, Fort Wayne & Columbus, IN

John Dattilo, representing BHI Senior Living, was the landlord involved in the deal. Ziegler, the broker, played a crucial role in securing the $32 million bank financing for the construction project. The project intends to enhance the offerings at the Hoosier Village campus by introducing the new independent living townhomes.

Details

Deal Summary
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FINANCED
IMAGE: John Dattilo DATE: 06/04/2024 ADDRESS: 9875 Cherryleaf Drive, 2209 Saint Joe Center Road & 1901 Taylor Road MARKET: Zionsville, Fort Wayne & Columbus, IN ASSET TYPE: Senior Housing ~ UNITS: 1,133 LANDLORD: John Dattilo - BHI Senior Living BROKER: Ziegler LOAN AMOUNT: $32,000,000 NOTE: Ziegler secured $32 million in bank financing for BHI Senior Living to fund new construction at its Hoosier Village campus. The project will add 40 upscale independent living townhomes across two phases, leveraging initial entrance fees for funding.

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Address9875 Cherryleaf Drive, 2209 Saint Joe Center Road & 1901 Taylor Road

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