JLL Arranges $79.3M Financing for Senior Living Portfolio Acquisition in Oregon and Montana
JLL Securities and JLL Capital Markets have secured approximately $79.32 million in tax-exempt, floating-rate bank financing for Integrated Senior Foundation (ISF), a nonprofit senior housing provider. The financing supported ISF’s acquisition of three senior living communities located in Oregon and Montana. The low-spread bridge loan was structured at 103% loan-to-cost (LTC).
The JLL Securities team was led by Greg Fawcett in his role as 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
– The Lodge in Great Falls, Montana
Collectively, the three communities comprise 287 residential 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.”
