Brookdale Senior Living Secures $344.2 Million Refinance Loan For Senior Housing Portfolio

The transaction involved a package deal of senior housing communities comprising 5,102 units located across 14 states within the United States. The deal reflects a focus on the senior housing sector, particularly emphasizing the refinance of facilities under Brookdale Senior Living's management.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $344,200,000
• Asset Type: Senior Housing Portfolio
• Lender: Fannie Mae
• Loan Type: Refinance
• Loan Terms: Seven-year, fixed-rate
• Landlord: Lucinda Baier - Brookdale Senior Living
• Broker Representation: Alex Sheaffer & Allison Holland - JLL

Allison Holland and Alex Sheaffer from JLL’s Debt Advisory team represented the borrower, Brookdale Senior Living, in securing the financing. This loan represents a follow-up to previous financing efforts through Freddie Mac for a senior housing acquisition.