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April 24, 2025

Berkadia lands $102M loan for Vancouver senior housing

Down south in Vancouver, Koelsch Communities opened its Park at University Village and Inn at University Village two years ago. That's a 263-unit independent and assisted living community. Now that it's up and running, with an occupancy rate of about 67%, Berkadia stepped in to arrange a $102 million bridge loan. That retires the construction loan, says Berkadia, along with preferred equity from a REIT and a partner note. Berkadia's Jay Healy and Andrew Lanzaro led the effort, with a federal agency lending the money. The loan two-year, interest-only term. Full occupancy is expected next year, says Berkadia.




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