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Worcester Active Adult Community Secures Bridge Loan Amid Increasing Demand
JLL Capital Markets arranged $39 million in financing for The Arbella at Bramble Hill, a recently completed, 123-unit, Class A active adult community in Worcester, MA. Managing director Henry Schaffer and director Madeline Joyce worked on behalf of the developer, The United Group of Companies, Inc., to secure the bridge loan through Eastern Bank for UW Senior, LLC. The bridge loan paid off the existing construction loan and will fund the remaining improvements at the property.
“The Arbella at Bramble Hill addressed a robust market need, as there is a rapidly expanding 55 and older population in Massachusetts, yet there are limited market-rate active adult options for those residents,” said Schaffer. “Due to this and the strength of the asset and sponsor, we saw a significant amount of interest from banks, life companies and debt funds.”
Completed in the first quarter of 2026 and located at 361 Arbella Dr., The Arbella at Bramble Hill consists of three, three-story residential buildings with 57 one- and 66 two-bedroom apartments averaging 1,049 square feet..
- ◦Financing
