$48 Million refinancing secured for two Tri-State seniors housing communities
United States, Jan. 12 -- JLL Capital Markets announced today that it has arranged a $48 million refinancing for two Class A seniors housing communities: The Chelsea at New City in New City, New York, and The Chelsea at Washington Township in the Township of Washington, New Jersey.JLL's Seniors Housing Debt Advisory team worked on behalf of the borrower, Bain Capital Real Estate and Capitol Seniors Housing, to place the three-year, floating-rate loan with a large regional bank.The Chelsea at New City was built in 2021 and consists of 80 units of assisted living, memory care and respite care. On-site amenities include restaurant-inspired meals, beauty/barber salon, sports lounge, health and wellness programs, daily activities calendar, compu...
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