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13750 Pardee Road

Updated Feb 11, 2026

OakNorth Bank And Bravo Property Trust Provide $42 Million Loan For Senior Housing Properties In Taylor And Chesapeake
FINANCEDSenior Housing

OakNorth Bank And Bravo Property Trust Provide $42 Million Loan For Senior Housing Properties In Taylor And Chesapeake

13750 Pardee Road & 1909 Edinburgh Parkway

$42,000,000

Units

177

Asset Type

Senior Housing

Closing

Feb 10, 2026

About this deal

AI

Two assisted-living properties, Hampton Manor-Taylor and Hampton Manor of Chesapeake, comprise a total of 177 units located at 13750 Pardee Road in Taylor, MI and 1909 Edinburgh Parkway in Chesapeake, VA. The total loan amount for these properties is $42 million, financed by OakNorth Bank and Bravo Property Trust.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $42,000,000
  • Lender: OakNorth Bank & Bravo Property Trust
  • Landlord: Build Senior Living
  • Units: 177
  • Location: Suburban Detroit and Chesapeake, Virginia
  • Specific Properties: Hampton Manor-Taylor (81 units) and Hampton Manor of Chesapeake (96 units)

Build Senior Living, which owns the properties, is a unit of Hampton Manor and played a critical role in the development and ownership of these assisted-living facilities. The financing secured by OakNorth Bank and Bravo Property Trust underscores the investment in senior housing within these markets.

On the Map

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$42,000,000

Senior Housing

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Players

OakNorth Bank
OakNorth BankLender

Taylor Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Loan transactions

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Deal FAQ

About $237.3K per unit across 177 units on a published $42M (2026).

Browse Taylor senior housing loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.38%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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