Berkadia, a distinguished leader in the commercial real estate sector, announced today that Managing Director Jay Healy and Director Andrew Lanzaro of Berkadia Seniors Housing & Healthcare successfully closed a $102 million bridge loan in partnership with Live Oak Bank for The Park at University Village and The Inn at University Village, a 263-unit independent and assisted living community located in Vancouver, Washington.
The Class-A community, which opened in October 2023, was developed by affiliates of Koelsch Communities—a Washington-based senior housing owner and operator and a repeat client of Berkadia.
The loan was structured in an A/B arrangement, with Berkadia funding the subordinate debt, and features a two-year, interest-only term. Loan proceeds were utilized to retire existing bank construction debt, preferred equity from a REIT, as well as a partner note.
At University Village, where youthful sophistication can be found. The Inn at University Village is the finest assisted living community in the city of Vancouver, Washington and its surrounding region, delivering world-class service & senior care, community craftsmanship, and unprecedented amenities. Conveniently located for those with family members in Vancouver, or just across the Columbia River in Portland, Oregon.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for active adult, independent living, assisted living, memory care and skilled nursing projects across the country. In addition to deep market knowledge, the group offers a full set of investment sales, advisory, underwriting, loan origination services and products including FHA, Fannie Mae, Freddie Mac, Life Company, Proprietary Bridge Lending and Capital Markets Advisory Services.
Berkadia is committed to leveraging the industry-leading platform to help owners, operators and lenders succeed, even during turbulent times. With client-focused experts, supported by years of experience and highly seasoned underwriters and analysts, are prepared to advise and guide you into a future defined by success and stability.
