Brookdale Senior Living Refinances Portfolio With $179.5M Loan

JLL Capital Markets has closed a $179.5 million seven-year fixed-rate loan for Brookdale Senior Living with Fannie Mae, refinancing part of a credit facility established in 2017. The collateral comprises 47 properties with 5,102 units across 14 states, highlighting a continued partnership between Brookdale, JLL, and Fannie Mae.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $179,541,000
• Units: 5,102
• Landlord: Lucinda M. Baier - Brookdale Senior Living
• Brokers: Alex Sheaffer & Allison Holland - JLL
• Loan Type: Refinance
• Loan Terms: Seven-year fixed-rate

The deal, facilitated by JLL Capital Markets, involved a $179.5 million refinancing loan with Fannie Mae for Brookdale Senior Living. This seven-year fixed-rate loan aims to refinance a portion of the credit facility established in 2017. The collateral consists of 47 properties located across 14 states, comprising a total of 5,102 units. This transaction further strengthens the ongoing partnership between Brookdale, JLL, and Fannie Mae in the senior housing sector.