CBRE Capital Markets professionals continue to prove that the market is open by working with investors to provide creative debt solutions for their clients. Below are the highlights of a recently completed loan origination:

Terraces of Roseville:

Andrew Behrens, Vice Chairman of CBRE Multifamily Institutional Group (“CBRE”) and Aron Will, Executive Vice President of CBRE National Senior Housing have arranged acquisition financing on behalf of DiNapoli Capital Partners (“DCP”) for the acquisition of Terraces of Roseville (the “Property”). The Property is a 198-unit Independent Living/Assisted Living/Memory Care community located in Roseville, CA (Sacramento MSA). The Property will continue to be  managed by Westmont Living, Inc (“Westmont”), who has effectively managed the Property since 2009.

DCP plans to reposition the Property within the market by spending a substantial amount of capex in order to bring the Property up to commensurate levels of the competitive market set and to meet resident expectations within the marketplace.

CBRE Multifamily Capital originated a $30.2 million, non-recourse 10 year Structured ARM with 5 years of Interest Only through its Fannie Mae DUS multifamily loan origination program.

Founded in 2005, DCP is a privately held real estate investment firm engaged in the acquisition, development & management of hotels, multifamily, office & senior housing. In 2012, DCP began their senior housing platform to engage in the acquisition, development and management of senior housing properties predominately located on the West Coast and Sunbelt States. DCP’s value-add senior housing investment strategy is focused on Assisted Living and Memory Care properties that are in need of lease up, renovation/repositioning and improved operational efficiency. To date, this transaction serves as DCP’s sixth senior housing acquisition.

California-based Westmont brings over 20 years of industry experience and boasts an extraordinarily successful track record within the senior housing industry. Westmont currently operates 11 senior housing properties throughout California and Oregon. Furthermore, in addition to being regionally based, they are intimately familiar with the California market; having 9 communities in similar markets.

CBRE completed over $2.8 billion in combined senior housing investment sales and loan originations in 2015. In 2015, CBRE originated $1.5+ billion in senior housing debt across 72 assets. CBRE has been a Top 2 senior housing originator in the country from 2010 through 2014 and was the #1 Senior Housing/Age Restricted Lender in the U.S in both 2013 & 2014*.