Berkadia Secures $39M in Financing for Four Seniors Housing Communities in Alabama, California, Florida, and Oregon
Scottsdale, Arizona – September 3, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today it has secured approximately $39 million in HUD financing for four seniors housing communities located in Alabama, California, Florida, and Oregon. The transactions were originated by Managing Director Ed Williams of Berkadia Seniors Housing & Healthcare.
Among the closings was a $16.7 million HUD loan for a 120-bed skilled nursing facility in Plantation, Florida, secured at 80% loan-to-value on behalf of a repeat Florida-based client. The transaction marked the final refinancing in a multi-property portfolio effort for the sponsor and repaid a Berkadia-funded bridge loan on the portfolio’s prior assets. Proceeds from the Plantation loan were then used to repay the sponsor’s remaining partnership debt. The facility was 87% occupied at the time of closing.
In a separate July closing, Berkadia arranged $13.3 million in HUD financing for a 37-unit seniors housing community in Northern California comprising 16 assisted living and 21 memory care units. Structured at 80% loan-to-value, the loan consolidated the property’s capital stack—retiring existing bank debt and a small business loan while repaying partnership debt. The transaction marked the first HUD loan for the Northern California-based sponsor, a new Berkadia client.
Berkadia also closed a $3.78 million HUD loan for a 27-unit assisted living community in Oregon on behalf of a repeat client based in Idaho. Structured at 70% loan-to-value, the financing consolidated two existing bank notes and partnership debt into a single long-term loan. With permanent financing in place on the community, the sponsor is positioned to focus on growing its portfolio in the region.
Rounding out the closings was a $5.39 million HUD loan for a 32-unit seniors housing community in Alabama, secured on behalf of a repeat Tennessee-based sponsor. Proceeds refinanced existing bank debt, funded owner-elected capital improvements, and covered transaction costs. Supported by sub-70% loan-to-value, debt service coverage above 1.60x, and occupancy of 96% at closing, the transaction qualified for HUD’s Express Lane processing—Berkadia’s second Express Lane execution with the sponsor.
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 investment sales, advisory, underwriting, loan origination services and products including FHA, Fannie Mae, Freddie Mac, Life Company, Proprietary Bridge Lending and Capital Markets Advisory Services.