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Seattle & Northwest  + Oregon  + Senior Housing  | 

$79M Bridge Loan Finances Senior Living Portfolio in Oregon, Montana

JLL Securities and JLL Capital Markets have arranged approximately $79.32 million in tax-exempt, floating-rate bank financing for Integrated Senior Foundation’s acquisition of three senior living communities in Oregon and Montana. JLL worked on behalf of ISF, a nonprofit provider, to secure a low spread bridge loan, financing the acquisition at 103% LTC.

The JLL Securities team was led by Greg Fawcett as placement agent. The JLL Capital Markets Seniors Housing team was led by senior director Alanna Ellis and associates Alex Sheaffer and Erik Cassella.

The portfolio consists of Magnolia Gardens in Cottage Grove, OR; Wiley Creek in Sweet Home, OR; and The Lodge in Great Falls, MT. The properties collectively feature 287 units, including 23 independent living units, 190 assisted living units and 74 memory care units.

“This was a transaction of foundational importance for our client, helping lay bedrock for their planned growth,” said Ellis. “The entire banking, legal, and client teams worked tirelessly, and we are so excited for what the future holds for the ISF organization.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Financing