Ziegler And M&T Realty Capital Partner On Fannie Mae Refinancing Of 55+ Age-Restricted Independent Living Community | $15,145,000
PR Web Ziegler, a specialty investment bank, in partnership with
M&T Realty Capital Corporation (M&T), is pleased to announce its role as financial advisor in a
$15,145,000
Fannie Mae refinancing (the Loan or the Transaction ) on behalf of
Essex Communities ( Essex or the Borrower ) to refinance the existing debt on Carriage Oaks, a 55+ age-restricted independent living community (the Community ) in
St. Charles, Illinois.
Essex originally developed the Community in 1999 under a not-for-profit entrance fee model. They recently purchased the building in 2019 and converted it to a market-rate rental model. The Community consists of 80 55+ independent living units. Essex owns and/or operates 11 communities throughout the Midwest and