BWE, a national commercial and multifamily mortgage banking company, is pleased to announce the successful refinance for Clarendale Arcadia, a premier senior living community located in the prestigious Arcadia neighborhood of Phoenix, Arizona.
The financing was arranged on behalf of a joint venture between Harrison Street Asset Management, a leading global investment management firm with over US$100 billion in assets under management, LCS, and Ryan Companies US, Inc., with LCS serving as the operator.
Ryan Stoll, National Director of Seniors Housing and Care at BWE, and Taylor Mokris, Senior Vice President of Seniors Housing and Care, arranged the financing. The non-recourse financing features full-term interest-only payments, an initial 36-month term, and two one-year extension options, providing flexibility for the sponsor group as they continue to stabilize the community.
“We are excited to expand our relationship with Harrison Street, LCS, and Ryan Companies on this transaction,” said Stoll. “Each of these organizations brings tremendous value to the venture and this beautiful community. We are proud to have structured a financing solution that supports their vision for Clarendale Arcadia.”
The property is designed to deliver a white-glove hospitality experience for residents, featuring select amenities such as gourmet restaurant-style dining, a casual bistro, a fitness and wellness center, a heated swimming pool, Jacuzzi spa, putting greens, a movie theater, a luxurious salon and spa, landscaped outdoor spaces with scenic views, and a full-service bar for social gatherings. Each residence is thoughtfully designed for functionality and comfort, featuring modern finishes, premium quality appliances, and layouts optimized for a vibrant lifestyle.
Strategically positioned at the intersection of 32nd Street and Camelback Road, Clarendale Arcadia benefits from high visibility and proximity to retail, healthcare, and recreational amenities in one of Phoenix’s most desirable neighborhoods. The surrounding area boasts strong housing and income fundamentals and a growing 75+ population, projected to increase by 27% over the next five years.
