DOUGLASSVILLE, PA. — BWE, the commercial finance firm formerly known as Bellwether Enterprise Real Estate Capital, has arranged a $57.8 million loan for the refinancing of Keystone Villa at Douglassville, a 248-unit seniors housing property located about 55 miles northwest of Philadelphia. The property comprises a 123-unit independent living building that was constructed in 2015 and a 125-unit assisted living and memory care building that was constructed in 2011. Ryan Stoll and Taylor Mokris of BWE arranged the nonrecourse loan through Commercial Bank on behalf of the borrower, a joint venture between private investment trust ReNew REIT and operator Heritage Senior Living. The property was 92 percent occupied at the time of the loan closing.
Residents at Keystone Villa at Douglassville enjoy restaurant-style dining and a social scene that includes a bakers’ club, trivia challenges, yoga, educational speakers and walking trail access to open green space.
BWE Arranges $57.8M Loan for Refinancing of Seniors Housing Property in Douglassville, Pennsylvania
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