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

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.