Walker & Dunlop Arranges $52M Refinancing for Colorado Seniors Housing Portfolio


The refinanced portfolio includes the 84-unit MorningStar at Jordan in Centennial, Colo.

COLORADO SPRINGS AND CENTENNIAL, COLO. — Walker & Dunlop has structured $52 million in financing to refinance three seniors housing properties totaling 196 units in Colorado Springs and Centennial. The three properties are owned by a partnership between MorningStar Senior Living and an alternative investment fund manager based in the Middle East. MorningStar Senior Living manages the properties.

The financing includes:
• $21 million for MorningStar at Jordan, a three-story, 84-unit assisted-living and memory care facility in Centennial
• $17.7 million for MorningStar at Mountain Shadows, a two-story, 64-unit assisted-living and memory care property in Colorado Springs
• $13.2 million for MorningStar at Bear Creek, a 48-unit property specializing in Alzheimer’s patients

Stuart Wernick, Jeff Ringwald and Bill Jackson of Walker & Dunlop arranged the loans, which featured a 10-year term, fixed interest rate and interest-only payments for a portion of the term.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.

Related News

Webinars on Demand


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties