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

Winding Commons:

Aron Will, Executive Vice President of CBRE National Senior Housing and Kevin Randles, Senior Vice President of CBRE’s Debt and Structured Finance office in Sacramento have arranged financing on behalf of Ray Stone, Inc. (“RSI”) for the refinance of Winding Commons (the “Property”). The Property is a 100-unit Independent Living community located in Carmichael, CA (Sacramento MSA).

CBRE Multifamily Capital originated a $12 million, fixed rate loan from Fannie Mae.

The Property will continue to be managed by RSI who has been operating it since inception in 2003. Highlighting RSI’s successful management of the Property, over the last 24 months the Property has had an average occupancy rate exceeding the market driven by exceptional guest service.

Sacramento based, RSI brings nearly four decades of industry experience and boasts a successful track record within the senior housing industry. Furthermore, in addition to being regionally based, they are intimately familiar with the California market; operating 5 other senior living communities in similar markets within California comprising over 800 units.

CBRE completed over $2 billion in combined senior housing investment sales and loan originations in 2014. In 2014, CBRE originated over $808 million in senior housing debt across 60 assets and was Freddie Mac’s #1 Senior Housing Lender in the country. Year to date through June 2015, CBRE originated $940 million in senior housing debt across 46 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*.