San Diego, California – October 27, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale and financing of two senior living communities in Southern California. The transaction included an 84-unit assisted living and memory care community in the San Diego suburbs and a 72-unit memory care community in the Los Angeles suburbs.
Managing Directors Mike Garbers, Cody Tremper, Ross Sanders, and Dave Fasano of Berkadia Seniors Housing & Healthcare closed the sale transaction on behalf of the seller, a Southern California-based private owner.
Managing Directors Ed Williams and Steve Muth of Berkadia Seniors Housing & Healthcare successfully arranged acquisition financing for the two communities. The financing was provided through Berkadia’s Proprietary Lending Group on behalf of the buyer, a prominent West Coast-based sponsor. At the time of the bridge closing the two properties had an average occupancy of 90.5%. The loans feature a 24-month interest-only term, with an anticipated HUD takeout expected within the next 6-12 months.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for active adult, independent living, assisted living, memory care and skilled nursing projects across the country. In addition to deep market knowledge, the group offers a full set of advisory, underwriting, loan origination services and products including FHA, Fannie Mae, Freddie Mac, Life Company, Proprietary Bridge Lending, and Capital Markets Advisory Services.
About Berkadia®:
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and
servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. To learn more about Berkadia, please visit www.berkadia.com.
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