BWE, a Cleveland-based national commercial and multifamily mortgage banking company, recently closed four financings totaling over $26 million for seniors and affordable housing properties in California, Massachusetts, Ohio, and Florida. The company’s comprehensive suite of capital solutions for seniors housing allows them to find the best execution for their clients by sourcing capital from agencies or life companies. In addition to traditional sources of funding, BWE also utilizes alternative options such as USDA loans.
According to Taylor Mokris of BWE: “In this challenging market environment, we are leveraging our broad lending capabilities to establish new relationships on behalf of our clients. This ensures that owners and operators can continue providing quality care for residents across all levels of senior living.”
The four properties financed by BWE include Palm Court Senior Independent Living in Culver City (California), Branches at North Attleboro (Massachusetts), HOPE Senior Village in East Canton (Ohio), and Amelia Village in Vero Beach (Florida). These projects demonstrate the company’s commitment to preserving existing affordable housing while also supporting new development opportunities.
Overall,BWE has secured $26 million through these recent transactions which will help improve access to high-quality senior living options across the United States.
