Bellwether Enterprise Real Estate Capital recently closed a $26.66 million loan to refinance the Village Green, an assisted living and memory care community in Levittown, New York. The loan was secured through a top-40 regional bank on behalf of the borrower, a regional developer and owner of seniors and affordable housing. It has a three-year term with 30 years amortization period, 24 months interest only payments and sub-300 loan spread that will help execute its business plan while serving the care needs of its residents and families.
Taylor Mokris & Ryan Stoll from Bellwether Enterprise Real Estate Capital originated this successful deal despite turbulent lending environment with rising interest rates inflation & banking crisis impacting liquidity in seniors housing debt market . “We are proud that this deal will enable our client to continue executing their business plan ultimately serving the care needs of their residents & families” said Mokris

Gilbane, Strada Break Ground on 1920 Turnbull Affordable Housing Tower in the Bronx
City and state officials have joined Gilbane, Strada Development LLC and the Center for Urban Community Services (CUCS) to celebrate

