Berkadia Secures Financing for a 283-Unit Trophy Senior Housing Community in Clayton, Missouri
HOUSTON, Texas – May 2, 2023 – Berkadia announced today the refinancing of Clarendale Clayton, a best-in-class seniors housing community that offers the full continuum of care in a high-end resort-style environment. Managing Director Austin Sacco of Berkadia Seniors Housing & Healthcare arranged financing through a national bank on behalf of the borrower, a joint venture between Harrison Street, Ryan Companies US, Inc., and Life Care Services (LCS).
The $82.45 million floating rate loan featured an attractive interest rate and five years of interest-only.
Berkadia’s Seniors Housing & Healthcare group leads the industry in innovative and comprehensive solutions for even the most complex active adult, 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.
Berkadia Finances Clarendale Clayton | The Senior Care Investor