New York, New York – July 16, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, is pleased to announce that the Seniors Housing & Healthcare platform has closed $1.13 billion in financing in 2025 thus far, showcasing the team’s expertise and strong momentum as they move into the second half of the year.
Berkadia Seniors Housing & Healthcare has demonstrated its expertise across a diverse range of locations and clients, financing various seniors housing properties, including active adult, independent living, assisted living, memory care, and skilled nursing communities. In the first half of the year, the team financed 64 properties, totaling 7,710 beds/units. This impressive $1.13 billion in financing includes $250 million in Berkadia-led bridge loans with participations, $123 million in HUD 232/223(f) financings, and $758 million in GSE and third-party placements.
“The seniors housing market continues to improve, fueled by positive demographic and operational trends across asset classes. Couple those with favorable financing conditions and strong investor interest and the sector is performing exceedingly well,” said SVP – Head of FHA & Seniors Housing Finance Steve Ervin. “We see a trend towards securing long-term, fixed-rate loans, as stakeholders aim to capitalize on the sector’s growth potential.”
“Seniors housing is rapidly emerging as a standout choice in the alternative living real estate sector for many investors and lenders,” said Managing Director Steve Muth.
One notable refinance from the first half of the year was one of the largest seniors housing refinancings in recent years. The team secured $627.2 million in refinancing for a 35-asset nationwide seniors housing portfolio spanning 15 states.
The achievements in the first half of the year follow Berkadia’s recognition as the #1 GSE and HUD Seniors Housing Lender by total volume in 2024. Berkadia delivered over $1.63 billion in seniors housing loans with Freddie Mac and Fannie Mae (“the GSEs”) and HUD. In addition to this recognition, the mortgage banking team achieved a total production volume of $2.57 billion in 2024.
Berkadia Seniors Housing & Healthcare 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 Seniors Housing & Healthcare closes $1.13B in financing in the first half of 2025 | HREI
Berkadia’s H1 2025 Seniors Housing & Healthcare Financings | The Senior Care Investor