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Bain Capital Secures $48 Million Refinance For Senior Housing Communities In New York And New Jersey

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FINANCED
$48,000,000

New York

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Senior Housing
Financed 01/12/2026
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Property Image
FINANCED

Bain Capital Secures $48 Million Refinance For Senior Housing Communities In New York And New Jersey

269 North Main Street & 620 Pascack Road

See Similar Deals
Senior Housing
Financed 01/12/2026

Summary

NEW YORK
Asset Type:Senior Housing
Transaction Type:Loan

The transaction involved a $48 million refinance for two Class A senior housing communities located at 269 North Main Street in East Hampton, NY, and 620 Pascack Road in the Township of Washington, NJ. This asset type falls under the senior housing category, and the loan was structured with a floating rate for a three-year term.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $48,000,000
  • Loan Type: Refinance
  • Landlord: Bain Capital
  • Broker: JLL

JLL Capital Markets facilitated the refinancing on behalf of Bain Capital Real Estate and Capitol Seniors Housing, showcasing the collaboration between these entities in securing the financing for the properties.

Details

FINANCED
IMAGE: 01/12/2026 ADDRESS: 269 North Main Street & 620 Pascack Road MARKET: East Hampton, NY & Township of Washington, NJ ASSET TYPE: Senior Housing LANDLORD: Bain Capital BROKER: JLL (@JLL) LOAN AMOUNT: $48,000,000 LOAN TYPE: Refinance NOTE: JLL Capital Markets arranged a $48 million, three-year floating-rate refinancing for two Class A senior housing communities—The Chelsea at New City in NY and The Chelsea at Washington Township in NJ—on behalf of Bain Capital Real Estate and Capitol Seniors Housing.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$48,000,000.00

Monthly NOI$320,000.00
Monthly Debt Service$303,392.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00