Carlisle Senior Living Communities Inc. has obtained a $26.7 million refinancing loan for Village Green, a senior living community in Levittown, N.Y. Working on behalf of the borrower, Bellwether Enterprise Real Estate Capital LLC secured the financing through a regional bank. The three-year loan has a 30-year amortization rate and 24 months of interest-only payments.
Village Green is an assisted living and memory care facility encompassing studios and one-bedroom apartments ranging between 305 and 523 square feet. Common-area amenities include a fitness center, a dining room, a library, a spa, a theater, a beauty salon, an enclosed courtyard and creative arts studio.
The community provides wellness services, transportation, 24/h security and emergency system, medication management, on-site maintenance, housekeeping and assistance with daily tasks such as bathing and dressing. Life Care Services manages the property.
Located at 90 Schoolhouse Road, Village Green is near the intersection of Wantagh State Parkway and Newbridge Road, which provide easy access across the New York City metropolitan area. The property is within walking distance of several dining options and retail centers, while Nassau University Medical Center is only 2.3 miles away.
BWE’s National Director Ryan Stoll and Senior Vice President Taylor Mokris represented the borrower. In January, the company provided Envolve Communities LLC with a $150 million Freddie Mac Transitional Line of Credit to preserve and improve four affordable housing communities in Oklahoma and Texas.
