Portland, OR– May 18, 2021 – Berkadia Seniors Housing & Healthcare secured $82.4 million in financing for Touchmark in the West Hills, a healthcare facility in Portland, Oregon. Senior Directors Chris Cain and Rafael Nobo of Berkadia Seniors Housing & Healthcare secured the financing through Freddie Mac on behalf of the buyer, Oregon-based Touchmark. The deal closed May 5.
The seven-year loan has a 53 percent loan-to-value ratio.
“This is our second agency loan with Touchmark this year,” said Cain. “We were able to successfully close the deal within 60 days, from application to funding.”
Berkadia’s Seniors Housing & Healthcare group leads the industry in innovative and comprehensive solutions for even the most complex independent living, assisted living, memory care and skilled nursing projects across the country. In addition to deep market knowledge, the group offers a full set of advisory, underwriting, loan origination services and products including FHA, Fannie Mae, Freddie Mac, Life Company, Proprietary Bridge Lending and Capital Markets Advisory Services. Last year, the team expanded its capabilities by adding an investment sales presence, rounding out its full suite of services.
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