FINANCED
JLL Facilitates $35M Construction Loan For The Arbella At Bramble Hill Seniors Community In Worcester
757 Salisbury Hill Boulevard
Development Site
Financed 156 days ago
Summary
Loan
MASSACHUSETTS
Development Site
The Arbella at Bramble Hill is a forthcoming 123-unit active adult seniors community located at 757 Salisbury Hill Boulevard in Worcester, Massachusetts. The development site has secured $35 million in financing through a construction loan facilitated by JLL Capital Markets. The loan was provided by Edward O. Handy III, representing Washington Trust.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $35,000,000
- Address: 757 Salisbury Hill Boulevard, Worcester, MA
- Market: Worcester, MA
- Lender: Edward O. Handy III - Washington Trust
- Landlord: UW Senior, LLC
- Broker: JLL
- Loan Type: Construction
The loan amount of $35 million will be used to fund the construction of The Arbella at Bramble Hill. With this financing, the development of the 123-unit active adult seniors community can move forward. JLL Capital Markets played a crucial role in facilitating the financing for this project, ensuring its realization in Worcester, Massachusetts.
Players
All
1
Lenders
1
Details
FINANCED
IMAGE: Michael Uccellini
DATE: 12/15/2023
ADDRESS: 757 Salisbury Street
MARKET: Worcester, MA
ASSET TYPE: Development Site ~ UNITS: 123
LENDER: Washington Trust (@WashTrust)
LANDLORD: Michael Uccellini - The United Group of Companies
BROKER: JLL Capital Markets (@JLL)
LOAN AMOUNT: $35,000,000
LOAN TYPE: Construction
NOTE: United Group of Cos., operating through borrower UW Senior LLC, has secured $35 million in financing for The Arbella at Bramble Hill, a 123-unit senior housing project in Worcester, Mass.View on map
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Address757 Salisbury Hill Boulevard
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