BWE, a national commercial and multifamily mortgage banking company, announced the successful closing of $77 million in fixed-rate agency financing for a Class A senior living community located in a major Midwest metropolitan market.
The 10-year, fixed-rate loan was provided by Fannie Mae and features full-term interest-only payments. Ryan Stoll, National Director of Seniors Housing and Care at BWE, and Taylor Mokris, Senior Vice President of Seniors Housing and Care, led the financing.
The community offers a full continuum of care, including Independent Living, Assisted Living, and Memory Care. Positioned as a high-quality, purpose-built asset, the community features distinctive intergenerational programming and high-end amenities and finishes consistent with Class A senior housing, reinforcing its position as a premier offering within its market.
“The competitive agency execution and long-term fixed-rate structure were well-suited for this Sponsor and asset,” said Mokris. “We’re proud to have partnered with the ownership group, a valued BWE repeat client, to deliver a financing solution that supports the community’s long-term vision and operational strategy.”