Charleston, South Carolina – June 16, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today that Managing Director Jay Healy and Director Andrew Lanzaro of Berkadia Seniors Housing & Healthcare recently closed two loans totaling $23.3 million.
The first transaction was a $12.5 million HUD 232/223(f) refinance for a 144-bed skilled nursing community in Moore County, North Carolina, completed for a repeat Berkadia client based in North Carolina. Built in 1992, the property has been operated by the sponsor since 2019. In late 2024, the sponsor exercised an option in the original lease to acquire the leased fee interest in the community. Improved operations and Medicaid rate increases in North Carolina subsequently increased the property’s value materially above the purchase price, enabling the 79% loan-to-value financing to retire all acquisition-related costs, including senior debt, related-party debt, as well as owner debt associated with previously completed capital expenditures.
The second transaction was a $10.8 million bridge-to-HUD loan from Berkadia’s balance sheet to support the acquisition of two assisted living communities in Oklahoma totaling 154 units. Completed for a repeat Berkadia client based in El Segundo, California, the deal involved the seller’s only seniors housing assets. The acquisition marked the sponsor’s entry into Oklahoma and expanded its regional footprint, which already includes communities in North Texas and Missouri. In addition to financing the acquisition, loan proceeds were used to address deferred maintenance and complete cosmetic upgrades at the two properties, built in 1990 and 2001. The non-recourse loan carried a 67.5% loan-to-cost, a 24-month interest-only term, and one six-month extension option, after which amortization begins. HUD submission is expected after the planned improvements are completed, with closing projected for the first half of 2027.
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. With deep market knowledge, Berkadia Seniors Housing & Healthcare offers a full set of capital markets advisory, underwriting, loan origination services and products including FHA/HUD, Fannie Mae, Freddie Mac, Life Company, and Proprietary Bridge Lending.