ReNew REIT And Heritage Senior Living Secure $57.8 Million Loan For Keystone Villa In Pennsylvania

The asset involved in this transaction is a 247-unit senior housing community located at 1152 Benjamin Franklin Highway East in Douglassville, PA. The loan amount secured for this property is $57,800,000. The funding secured is part of refinancing and is provided by a national commercial bank.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $57,800,000
• Lender: National Commercial Bank
• Landlord: ReNew REIT & Heritage Senior Living
• Units: 247
• Loan Terms: non-recourse, full-term interest-only payments
• Brokers: Ryan Stoll & Taylor Mokris - Bellwether Enterprise (BWE)

This refinancing transaction was facilitated by Bellwether Enterprise, represented by brokers Ryan Stoll and Taylor Mokris, on behalf of the landlords, ReNew REIT and Heritage Senior Living. The deal offers competitive terms, including prepayment flexibility and a non-recourse structure, enhancing its financial viability for the involved parties.