Sculptor Real Estate and Benchmark Senior Living have landed $29 million in financing for Whisper Woods of Smithtown, a 101-unit assisted living and memory care community on Long Island, New York. The three-year loan was provided by an unidentified regional bank.
The property, built in 2018, features comprehensive amenities and care services, and each unit features biometric medication safes and handicap-accessible bathrooms with roll-in showers and enhanced safety features.
JLL represented the borrowers with a team led by Joel Mendes, Ted Flagg and Stephen Van Leer.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.