Berkadia Seniors Housing & Healthcare arranged two transactions involving HUD financing, totaling $20.6 million, Senior Housing News reports.
— An $11.9 million HUD loan for an affordable assisted living community secured for a Texas based non-profit sponsor, carries an interest rate in the low-2% range and retired construction and mezzanine debt. The community encompasses 128 units and offers affordable housing for residents qualifying for Medicaid; the ground lessor is the Dallas Housing Authority.
— Two loans for an Idaho-based sponsor, in the aggregate amount of $9.41 million. A $6.26 million loan will refinance a 36-bed memory care community in Montana. Read more.
