Arnie Whitman Of Senior Living Transformation Company Secures $50M Loan For Senior Housing Acquisition

Two assisted living and memory care communities totaling 159 units are involved in this transaction. The addresses are 702 West Windcrest Drive in Fredericksburg, Texas, and 1450 Lancaster Avenue in Paoli, Pennsylvania. The total loan amount secured for this acquisition is $50,000,000. The market areas include Fredericksburg, TX, and Paoli, PA, with the lenders being Protective Life and Berkadia.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $50,000,000
• Lender: Protective Life & Berkadia
• Landlord: Arnie Whitman - Senior Living Transformation Company (SLTC); Tal Seder - Sabal Investment Holdings
• Units: 159

Arnie Whitman represents the Senior Living Transformation Company (SLTC), and Tal Seder represents Sabal Investment Holdings in this transaction. The properties will be managed by Juniper Communities following planned capital improvements. The financing arrangement includes Protective Life for the acquisition in Texas, while Berkadia finances the deal in Pennsylvania.