**BWE Arranges $65M Bond Financing for Ivy Park at Milpitas Senior Living Community**
BWE has successfully arranged $65 million in bond financing for Ivy Park at Milpitas, a 199-unit luxury senior living community located in Milpitas, California. The financing was orchestrated by Ryan Stoll, National Director of Seniors Housing and Care, and Taylor Mokris, Senior Vice President of Seniors Housing and Care at BWE.
The funding was secured on behalf of a joint venture between Blue Mountain Enterprises and SRM Development. Oakmont Management Group will oversee operations and management of the community. The financing was structured as a 15-year bond issuance, enhanced by a letter of credit from Poppy Bank. The package includes five years of interest-only payments and offers a favorable covenant structure tailored to support long-term success.
“This was a complex transaction requiring coordination across multiple stakeholders, and we’re proud to have delivered a tailored capital solution that positions Ivy Park at Milpitas for long-term success,” said Ryan Stoll. “Oakmont’s operational improvements and deep local expertise helped make this financing possible. Their leadership continues to enhance performance and elevate the resident experience.”
The strategic financing is set to strengthen Ivy Park at Milpitas’ position in the senior living market, allowing it to continue providing high-quality accommodations and care for its residents.
