BWE, a national commercial and multifamily mortgage banking company, is pleased to announce the successful closing of a $40,000,000 cash-out refinancing on behalf of Rauls Living for a 167-unit, Class-A independent living community located in Morrisville, North Carolina, within the Raleigh-Cary MSA.
Taylor Mokris, Senior Vice President of Seniors Housing and Care, and Ryan Stoll, National Director of Seniors Housing and Care at BWE, originated the financing through Freddie Mac. The 10-year loan features five years of interest-only payments and a competitive fixed interest rate, providing long-term stability for the borrower.
Rauls Living is a third-generation, family-owned owner-operator with more than 50 years of experience in seniors housing, having built a strong reputation for delivering high-quality, resident-focused communities. Led by the Rauls family leadership team, the company combines decades of operational expertise with a long-term ownership mindset. This transaction represents Rauls Living’s first Agency execution, with BWE guiding the sponsor through the Freddie Mac process and securing an optimal financing solution.
Following a competitive process spanning banks, life companies, and both GSEs, Freddie Mac provided the most compelling execution, delivering favorable terms aligned with the sponsor’s long-term objectives.
“Rauls Living has built something special over 50 years, and it was gratifying to deliver a financing structure that put real capital back to work for the family. Guiding them through their first Agency execution and seeing the outcome it created made this one particularly rewarding.” — Taylor Mokris, Senior Vice President of Seniors Housing and Care, BWE.