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Hunt Delivers $80M for Pair of Chicago-Area Life Plan Communities

New York-based Hunt Real Estate Capital arranged more than $80-million in debt financing for the recapitalization of a pair of Class A life plan communities in suburban Chicago. The properties include Monarch Landing and Sedgebrook (pictured), two communities consisting of nearly 1,000 units located in Naperville and Lincolnshire, IL respectively.

Hunt’s senior housing and healthcare team worked closely with Harrison, NY-based Senior Care Development and its institutional partner to run a competitive process that yielded a number of financing options. The borrower ultimately chose to separate the assets and finance them individually with two fully-underwritten bank loans, which eliminated syndication risk and met their timing needs.

Senior Care Development’s Brett Mehlman says, “We have worked with James [Scribner] and his team on a number of transactions over the years. This was a very complex transaction, and James was instrumental in navigating through it. He is a trusted partner and advisor for us.”

Connect Healthcare is slated for October 29 and 30 at The Resort at Pelican Hill. Follow this link for more information and to register for the conference.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
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