JLL Facilitates $35M Construction Loan For The Arbella At Bramble Hill Seniors Community In Worcester

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.