Berkadia Arranges $33.12M Loan for the Refinance of a Seniors Housing Community in the Mid-Atlantic
Mid-Atlantic – July 22, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the financing of a 150+-unit senior housing community in the Mid-Atlantic. Managing Directors Steven Muth and Austin Sacco, along with Senior Director Garrett Sacco of Berkadia Seniors Housing & Healthcare, secured the financing through a regional bank on behalf of the sponsor. The refinance provided over $8 million for unit upgrades and common area improvements. Additionally, Berkadia negotiated a $5 million earn-out, which could increase the loan balance to $33.1 million upon achieving certain coverage metrics.
“This was a very competitive loan request,” said Muth. “The lending landscape is getting more competitive every day, leading to excellent outcomes for our clients.”
The community features robust amenities, including an art studio, fitness center, library, large-screen theater, and a club room for gatherings and private parties. Services include a health and wellness office with a wide array of healthcare providers and diagnostic services, care services, dedicated community social workers, and on-site rehabilitation services, including physical, occupational, and speech therapy.
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.