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Washington DC & Mid-Atlantic  + Pennsylvania  + Senior Housing  |  March 16, 2026
Jasmine Kilman
By: Jasmine Kilman

Berkadia Secures $114M in Financing for Assisted Living Portfolio

Berkadia announced the refinancing of a nine-property assisted living portfolio spanning Pennsylvania and Ohio.

Managing Directors Steve Muth, Garrett Sacco, and Austin Sacco, along with AVP Alec Rosenfeld of Berkadia Seniors Housing & Healthcare, arranged the $114.37 million financing through Bloomfield Capital Partners, LLC , on behalf of the borrower, a joint venture with an experienced owner and New Perspective Senior Living, LLC.

Proceeds are being used to refinance maturing debt and position the portfolio for its next phase of the business plan. Acquired by the joint venture in 2022, the 580-unit portfolio is located in multiple markets across western Pennsylvania as well as the suburbs of Cleveland, Ohio. The portfolio reported occupancy of 86 percent and is projected to reach full stabilization within the next 12 to 18 months following execution of a value-add and capital expenditure plan.

Read More News Stories About: Berkadia
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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