CREC Real Estate & Madison Marquette Refinance $37.5M Loan For McKinney Senior Housing

Located at 6421 McKinney Ranch Pkwy in McKinney, this senior housing property has recently undergone a refinancing loan transaction. The asset consists of 194 units and is owned by CREC Real Estate and Madison Marquette.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $37,500,000
• Loan Type: Refinancing Loan
• Loan Terms: Non-recourse, fixed-rate loan, five years, inclusive of extension options

The loan was facilitated by Joel Mendes and Jason Skalko from JLL Capital Markets, who provided their expertise in securing the non-recourse loan. The terms of the loan, which include a fixed-rate and a five-year duration with extension options, provide financial stability for the property's ownership. The refinancing loan amount of $37,500,000 contributes to the ongoing success of the senior housing facility.