Berkadia Seniors Housing & Healthcare announced the successful sale and financing of a 90-unit assisted living and memory care community in Edmond, Oklahoma. The transaction closed on February 14. The community will operate moving forward as Legend of Edmond.
Managing Directors Cody Tremper, Dave Fasano, Ross Sanders, and Mike Garbers of Berkadia Seniors Housing & Healthcare represented the seller, StoneCreek Real Estate Partners.
Managing Director Rafael Nobo and Assistant Vice President Alec Rosenfeld of Berkadia Seniors Housing & Healthcare secured the acquisition financing through Fannie Mae. The loan features an attractive rate and interest-only period.
Built in 2016, Legend of Edmond features chef-prepared dining, comprehensive wellness services, a fitness center, and salon. The community is among the newest and most well-appointed seniors housing communities located in the Oklahoma City market, which has seen minimal new development over the past four years.
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.
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
