Arvada Estates Senior Living Secures Acquisition Funds

<p>The Seniors Housing and Healthcare Finance Team of <a href="http://www.grandbridge.com" target="_blank" rel="noopener">Grandbridge Real Estate Capital </a>(Atlanta) recently closed a $17,15 million first mortgage loan secured by <a href="http://www.holidaytouch.com/our-communities/arvada-estates" target="_blank" rel="noopener">Arvada Estates Senior Living</a> in Arvada, Colo.<br /><br />Funding for the acquisition was provided by BB&T Real Estate Capital, Grandbridge’s balance sheet lending platform, and featured a seven-year term, 30-year amortization and a 18-month interest-only component.<br />

Published: July 18, 2014Posted by Shandi Matambanadzo, Associate Editor

The Seniors Housing and Healthcare Finance Team of Grandbridge Real Estate Capital (Atlanta) recently closed a $17,15 million first mortgage loan secured by Arvada Estates Senior Living in Arvada, Colo.

Funding for the acquisition was provided by BB&T Real Estate Capital, Grandbridge’s balance sheet lending platform, and featured a seven-year term, 30-year amortization and a 18-month interest-only component.

Located in the Denver MSA, the 118-unit independent living seniors housing community was built in 2008 and features a fitness and exercise room, onsite barber/beauty salon, community room, library, game room, and TV lounge.