Brookdale Senior Living Secures $344.2 Million Fannie Mae Loan For Senior Housing Portfolio In Brentwood TN

The asset involved is a senior housing portfolio located in Brentwood, TN, encompassing 47 properties and focusing on providing living arrangements for seniors. The total loan amount secured for refinancing is $344.2 million, which serves to replace an existing $312.5 million variable-rate debt due in 2027. The financing is structured as a seven-year, fixed-rate loan through Fannie Mae.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $344,200,000
• Lender: Fannie Mae
• Broker: Allison Holland & Alex Sheaffer - JLL
• Loan Terms: seven-year, fixed-rate loan

Brookdale Senior Living is the entity that has secured the refinancing loan for this portfolio, engaging JLL for brokerage services in the transaction. The involvement of these parties highlights the collaborative effort behind successfully managing the financial aspects of the senior housing properties.