Joint Venture Of AEW, Thrive Senior Living & Pike Secures $57M Refinance Loan For Senior Living Asset In Montvale

The property asset involved in the transaction is a senior living facility located at 110 Summit Avenue in the Montvale market. It encompasses 203 units and has a total square footage of 214,000. The refinancing loan amount is set at $57,000,000 with a five-year floating rate loan type.

Summary of transaction details:

• Property Type: Senior Living
• Transaction Amount: $57,000,000
• Loan Type: Refinance
• Loan Terms: Five Year, Floating Rate
• Lender: Brian Hahn, Matt Snyder & Boyd Howard - Mesa West Capital
• Landlord: Joint Venture of AEW, Thrive Senior Living & Pike

The deal involves key individuals such as Brian Hahn, Matt Snyder, and Boyd Howard from Mesa West Capital, representing the lending side of the transaction. The landlords are a joint venture composed of AEW, Thrive Senior Living, and Pike, indicating a collaborative investment approach in the senior living sector.