BWE successfully secured a $76 million refinancing for The Carlisle Naples, a senior living community in Naples owned by a joint venture between Harbert Management Company and Senior Resource Group. Ryan Stoll and Taylor were instrumental in facilitating the financing process.
After careful consideration, the sponsor opted for a non-recourse bridge loan with competitive floating rates and full-term interest-only payments over 5 years.
The luxurious property boasts 350 units, including 257 Independent Living units and 93 Assisted Living units operated by SRG. Despite challenges posed by the pandemic, the sponsor recently completed an extensive capital improvement plan that resulted in increased occupancy rates and rental prices post-renovation. Spanning over 18 acres of land, The Carlisle Naples is truly an impressive investment opportunity.
Harbert Management Corporation is an established investment management firm specializing in alternative assets with approximately $8.3 billion worth of Regulatory Assets Under Management (RAUM). Founded as a privately-owned company in 1993, HMC caters to various clients such as foundations, endowments,funds of funds,pension funds ,financial institutions ,insurance companies,family offices,and high-net-worth individuals across multiple asset classes.
