Cushman & Wakefield Arranges $57.3M Refinancing for Seniors Housing Property in Hamilton, New Jersey

HAMILTON, N.J. — Cushman & Wakefield has arranged a $57.3 million loan for the refinancing of Homestead at Hamilton, a seniors housing community in Hamilton, an eastern suburb of Trenton. The building rises four stories and features 195 units of independent living, assisted living and memory care housing. At the time of loan closing, the property was 61 percent occupied with expected stabilization within 12 months. Richard Swartz, Jay Wagner and Jim Dooley of Cushman & Wakefield arranged the transaction. MidCap Financial provided the $57.3 million floating-rate, first-mortgage loan that refinanced the original construction loan and mezzanine debt with accrued interest. The MidCap team included Lawrence Brin, Andrew Lavinder and Kevin McMeen.