HFF Secures Financing for 8-property Seniors Housing Portfolio in New England

30 April 2019

DALLAS, TX – April 30, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces it has secured financing for an eight-property, 565-unit seniors housing portfolio located in New England.

HFF worked on behalf of the borrower, Northbridge Strategic Senior Housing Fund II, L.P., to originate the mortgage loans to be sold to Freddie Mac.  HFF, a Freddie Mac Optigo℠ lender for Seniors Housing Loans, will service the loans.

The properties in the portfolio are Avita of Brunswick in Brunswick, Maine; Avita of Stroudwater in Westbrook, Maine; Avita of Wells in Wells, Maine; Carriage House at Lee’s Farm in Wayland, Massachusetts; Laurelwood at the Pinehills in Plymouth, Massachusetts; Ledgewood Bay at Milford in Milford, New Hampshire; Stroudwater Lodge in Westbrook, Maine; and Sunnybrook in Brunswick, Maine.  The properties have an average completion date of 2014 and comprise a mixture of 49 independent living, 256 assisted living and 260 memory care units that were nearly 90 percent occupied at closing.