OAK GROVE SECURES $437.8M LOAN FOR BROOKDALE SENIOR LIVING

by admin

ST. PAUL, MINN. — St. Paul-based Oak Grove Capital has arranged a $437.8 million Fannie Mae DUS credit facility for Brookdale Senior Living. The 7-year loan, which is 75 percent-fixed rate and 25 percent variable rate, was used to refinance existing loans for 44 different properties totaling 4,145 units. The properties include assisted living, independent living, memory care and skilled nursing facilities in 13 states including Florida, California, Texas and Ohio.

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