Adrian Edery Of Paradigm Commercial Real Estate Secures $49M Bridge Loan For Senior Housing Portfolio In Michigan

The transaction involves a Senior Housing asset located in Michigan, encompassing a 3 Pack Portfolio with a total square footage of 210,000. The loan amount secured for this transaction is $49,000,000, categorized under a Bridge loan with specific terms including 3+1+1, 75% LTV, 24 Months IO, S+350bps, Flex Prepay, and a Partnership Buyout.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $49,000,000
• Loan Type: Bridge
• Loan Terms: 3+1+1, 75% LTV, 24 Months IO, S+350bps, Flex Prepay, Partnership Buyout
• Market: Michigan - 3 Pack Portfolio
• Asset Size: 210,000 SF
• Broker: Adrian Edery - Paradigm Commercial Real Estate

Adrian Edery of Paradigm Commercial Real Estate represents the interests of the deal in securing financing for the Senior Housing asset portfolio. The transaction reflects a strategic move within the market focused on enhancing senior living facilities.