JLL Securities and JLL Capital Markets have arranged approximately $79.32 million in tax-exempt, floating-rate bank financing for Integrated Senior Foundation’s acquisition of three senior living communities in Oregon and Montana. JLL worked on behalf of ISF, a nonprofit provider, to secure a low spread bridge loan, financing the acquisition at 103% LTC.
The JLL Securities team was led by Greg Fawcett as placement agent. The JLL Capital Markets Seniors Housing team was led by senior director Alanna Ellis and associates Alex Sheaffer and Erik Cassella.
The portfolio consists of Magnolia Gardens in Cottage Grove, OR; Wiley Creek in Sweet Home, OR; and The Lodge in Great Falls, MT. The properties collectively feature 287 units, including 23 independent living units, 190 assisted living units and 74 memory care units.
“This was a transaction of foundational importance for our client, helping lay bedrock for their planned growth,” said Ellis. “The entire banking, legal, and client teams worked tirelessly, and we are so excited for what the future holds for the ISF organization.”
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