Ziegler And M&T Realty Capital Partner On Fannie Mae Refinancing Of 55+ Age-Restricted Independent Living Community | $15,145,000

Published Apr 06 2021 at 1:00 PM GMT
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  • CHICAGO, April 6, 2021 /PRNewswire-PRWeb/ --?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.




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  • Published Apr 6, 2021 1:00 PM GMT