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Fannie Mae Provides $37M Loan For Harmony At Southridge Senior Housing In Charleston, WV

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FINANCED
$37,000,000

West Virginia

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Senior Housing
Financed 07/31/2025
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FINANCED

Fannie Mae Provides $37M Loan For Harmony At Southridge Senior Housing In Charleston, WV

801 Peyton Way

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Senior Housing
Financed 07/31/2025
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Summary

WEST VIRGINIA
Asset Type:Senior Housing
Transaction Type:Loan

801 Peyton Way is a senior housing community located in Charleston, WV. The property is operated by Harmony Senior Services and offers various senior living options and amenities. The borrower recently converted 12 independent units to assisted living. The community was built in 2020 and has received a loan to support its operations.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $37,000,000
  • Lender: Fannie Mae
  • Landlord: Smith-Packett & Wessex Capital
  • Brokers: Ryan Stoll & Taylor Mokris - Bellwether Enterprise (BWE)
  • Loan Terms: 10-year loan with five years interest-only

The transaction involved key representatives including Ryan Stoll and Taylor Mokris from Bellwether Enterprise, who facilitated the loan agreement. Their representation ensured the structured financing aligned with the operational needs of Harmony at Southridge, enhancing the property’s service offerings in the senior housing market.

Players

Ryan Stoll
9 deals$709.1M volume(913) 940-0075
BROKER

Taylor Mokris
Bellwether Enterprise (BWE)
9 deals$709.1M volume(704) 659-5636
BROKER

Bellwether Enterprise (BWE)
BROKERAGE

Details

FINANCED
IMAGE: 07/31/2025 ADDRESS: 801 Peyton Way MARKET: Charleston, WV ASSET TYPE: Senior Housing LENDER: Fannie Mae LANDLORD: Smith-Packett & Wessex Capital BROKERS: Ryan Stoll & Taylor Mokris - Bellwether Enterprise (BWE) LOAN AMOUNT: $37,000,000 LOAN TERMS: 10-year loan NOTE: BWE provided a $37M Fannie Mae loan to Harmony at Southridge, a Charleston seniors community operated by Harmony Senior Services, with a 10-year fixed rate and five years interest-only. The community, built in 2020, offers various senior living options and amenities, and the borrower recently converted 12 independent units to assisted living.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$37,000,000.00

Monthly NOI$246,666.67
Monthly Debt Service$233,865.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00