BWE Helps Secure $19M Loan for San Jose Senior Community
Commercial and multifamily mortgage banking company, Bellwether Enterprise Real Estate Capital LLC (BWE) has served as financial advisor on the $18.6 million refinancing of an assisted living and memory care community in San Jose, CA on behalf of Westmont Living. BWE’s Ryan Stoll and Taylor Mokris originated the loan through a regional bank.
“In today’s challenging operating and capital markets environment, seniors housing owners need flexible financing to be able to execute their investment strategies,” said Stoll. “We are very proud that our clients continue to trust us to optimize their debt structure to do just that.”
According to BWE, the refinance will allow the borrower to weather challenges of wage and expense pressures and effectuate continued margin expansion. The four-year loan was placed with a regional bank that focuses on seniors housing, and established a new strategic banking relationship for the borrower.