BWE Secures $65M Bond Financing for Ivy Park at Milpitas Senior Living Community
BWE has successfully arranged a $65 million 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 transaction was completed on behalf of a joint venture between Blue Mountain Enterprises and SRM Development. Ivy Park at Milpitas is managed by Oakmont Management Group, which brings significant local expertise and a track record of operational improvements to the project.
The financing was structured as a 15-year bond issuance and is credit-enhanced by a letter of credit from Poppy Bank. The terms include five years of interest-only payments and a favorable covenant structure designed to support the long-term financial health of the property.
“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 luxury senior community, developed with a focus on comfort and care, continues to contribute to the growing demand for high-quality senior living options in the region.
