Ziegler Prices $45.6 Million Refinance For Carolina Village Senior Housing In Hendersonville NC

The property asset involved in this transaction is a senior housing facility located at 600 Carolina Village Road in Hendersonville, North Carolina. The total square footage of the asset is 948, and it comprises 488 units. The loan amount secured for refinancing is $45,600,000 for a 30-year term.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $45,600,000
• Loan Type: Refinance
• Loan Terms: 30-year
• Address: 600 Carolina Village Road
• Market: Hendersonville, NC
• Asset Size: 948 SF
• Units: 488
• Broker: Tommy Brewer - Ziegler

The financing was arranged by Ziegler, which priced $45.6 million in Series 2026A bonds for Carolina Village, a nonprofit life plan community. The funds will be used to refinance existing debt, facilitate infrastructure upgrades, and cover pre-development costs for a planned campus expansion. The financing also positions Carolina Village for future expansion, which is expected to include a new 60-unit independent living building and renovations to existing residences, with additional financing anticipated in 2027.