BWE, a national commercial and multifamily mortgage banking company, today announced the successful arrangement of financing on behalf of GEM Realty Capital for The Claiborne at Brickyard Crossing, a 142-unit, Class A seniors housing community located in Summerville, South Carolina, within the Charleston metropolitan area.
Leveraging BWE’s extensive lender relationships across agency, bank, insurance, and private capital, Taylor Mokris, Senior Vice President of Seniors Housing and Care, and Ryan Stoll, National Director of Seniors Housing and Care, served as exclusive financial advisor to GEM Realty Capital, running a competitive process that sourced numerous quotes for the sponsor. The team arranged the financing through a national bank with a dedicated seniors housing vertical.
Opened in 2022, The Claiborne at Brickyard Crossing is a Class A independent living, assisted living, and memory care community that will continue to be operated by Claiborne Senior Living. The property achieved stabilization within 12 months of opening and has demonstrated strong and consistent operating performance since.
The community offers restaurant-style dining, wellness and fitness amenities, salon services, and thoughtfully designed social spaces. Located within the Charleston metropolitan area, the asset benefits from robust senior population growth, favorable household incomes, limited new supply, and access to a strong regional healthcare network.
“There is a meaningful and growing appetite among lenders for the best seniors housing has to offer – across sponsorship, asset, and market, and this transaction is a reflection of that. By engaging a broad range of institutional capital sources, our focus remained on identifying the right lending partner and structure for this asset and sponsor. We were pleased to partner with GEM Realty Capital on this transaction and proud to have delivered a financing solution that reflects both the strength of this community and their objectives,” said Mokris.