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

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FINANCED
$344,200,000

National

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Package Deal
Financed 01/13/2025
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Property Image
FINANCED

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

Package Deal
Financed 01/13/2025
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Summary

Asset Type:Package Deal
Transaction Type:Loan

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.

Players

Allison Holland
5 deals$867.9M volume
BROKER

Alex Sheaffer
JLL
6 deals$936.7M volume
BROKER

Fannie Mae
LENDER

Details

FINANCED
IMAGE: Lucinda Baier, Alex Sheaffer & Allison Holland DATE: 01/13/2025 ADDRESS: Senior Housing Portfolio MARKET: United States ASSET TYPE: Package Deal ~ UNITS: 5,102 LENDER: Fannie Mae (@OfficialFannieMae) LANDLORD: Lucinda Baier - Brookdale Senior Living (@BrookdaleLiving) BROKERS: Alex Sheaffer & Allison Holland - JLL (@JLL) LOAN AMOUNT: $344,200,000 LOAN TYPE: Refinance LOAN TERMS: seven-year, fixed-rate NOTE: Brookdale Senior Living secured a $344.2 million, seven-year fixed-rate loan through Fannie Mae’s DUS program to refinance 47 senior housing communities across 14 states, covering 5,102 units. JLL’s Debt Advisory team, led by Allison Holland and Alex Sheaffer, represented the borrower, marking another milestone following their recent Freddie Mac financing for a senior housing acquisition.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$344,200,000.00

Monthly NOI$2,294,666.67
Monthly Debt Service$2,175,578.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00