JLL Arranges $79.32M Bridge Loan for Senior Living Portfolio in Oregon and Montana
JLL Securities and JLL Capital Markets have successfully arranged approximately $79.32 million in tax-exempt, floating-rate bank financing for Integrated Senior Foundation (ISF), a nonprofit provider, to support the acquisition of three senior living communities across Oregon and Montana. The financing was structured as a low-spread bridge loan, funding the acquisition at 103% loan-to-cost (LTC).
The JLL Securities team was led by Greg Fawcett, who served as the placement agent, while the JLL Capital Markets Seniors Housing team was led by Senior Director Alanna Ellis, along with Associates Alex Sheaffer and Erik Cassella.
The acquired portfolio includes Magnolia Gardens in Cottage Grove, Oregon; Wiley Creek in Sweet Home, Oregon; and The Lodge in Great Falls, Montana. Combined, the communities offer a total of 287 units, including 23 independent living units, 190 assisted living units, and 74 memory care units.
“This was a transaction of foundational importance for our client, helping lay bedrock for their planned growth,” said Ellis. “The entire banking, legal, and client teams worked tirelessly, and we are so excited for what the future holds for the ISF organization.”
