APPLETON, WI – February 8, 2021 – Berkadia’s Seniors Housing and Healthcare Group secures $32.28 in refinancing for a seniors housing facility in Appleton, Wisconsin. Senior Director Chris Cain secured the financing on behalf of the Oregon-based owner and operator, Touchmark. The deal closed on January 27.
“We were able to lock in a low interest rate and provide additional equity to the borrower at closing, even with the current COVID-19 restrictions,” says Cain. “We expect to see more and more activity and anticipate a robust 2nd and 3rd quarter as the vaccines continue to roll out and owners and operators regain confidence.”
The 10-year Freddie Mac loan features five years interest-only and a 70 percent loan-to-value ratio.
Berkadia Refinances Wisconsin Seniors Housing Facility | Senior Care Investor