JLL Secures $18.7M Loan To Refinance Elk River Senior Living In MN

The Elk River Senior Living, a 108-unit community in Elk River, MN, has undergone a refinancing process with a loan amount of $18,700,000. The property offers independent living, assisted living, and memory care services and the financing was arranged by Jeff Lepley and Alex Sheaffer of JLL Capital Markets. The loan, a HUD 232/223(f) loan, consolidated five debt obligations related to the property's 2018 construction.

Summary of transation details:

• Property Type: Senior Housing
• Transaction Amount: $18,700,000
• Address: 11124 183rd Cir NW
• Market: Elk River, MN
• Brokers: Alex Sheaffer & Jeff Lepley - JLL

The refinancing deal for Elk River Senior Living involved the borrowing party, whose identity remains undisclosed. Jeff Lepley and Alex Sheaffer of JLL played a key role in securing the $18.7 million loan, bringing their expertise to the consolidation of multiple debt obligations tied to the property's construction.