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Seattle & Northwest  + Washington  + Healthcare  |  October 6, 2025
Jasmine Kilman
By: Jasmine Kilman

Berkadia Secures $27M for Assisted Living Facility in Washington

Berkadia arranged the 232/223f HUD financing for an assisted living facility in Washington state, totaling $26.8 million.

In September, Managing Directors Austin Sacco and Steve Muth, along with Senior Director Garrett Sacco of Berkadia Seniors Housing & Healthcare, secured HUD financing for a repeat Berkadia client, a Pacific Northwest-based sponsor.

This HUD loan retires an existing Berkadia bridge loan. The sponsor, who has operated the community since 2017, was able to transition from bridge to HUD financing, paying off existing bank debt and capturing equity built from their operations. The assisted living facility has more than 200 beds.

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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