Parkland, Florida – December 22, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the refinancing of Allegro Parkland, an independent living, assisted living, and memory care community in Parkland, Florida.
Managing Directors Austin Sacco and Steve Muth, Senior Director Garrett Sacco, and AVP – Originations Alec Rosenfeld of Berkadia Seniors Housing & Healthcare secured a loan from a national bank on behalf of the sponsor, a joint venture between Harrison Street Asset Management and Allegro Senior Living.
The five-year loan featured a 5.95% interest rate, a 30-year amortization schedule, and a 65% loan-to-value ratio.
Allegro Parkland is a new vintage community that opened in March 2020. The property includes 175 units—61 independent living, 88 assisted living, and 26 memory care units. The community is located in the Fort Lauderdale–Boca Raton–Pompano Beach–Sunrise, Florida MSA, a strong submarket with over 1,298,375 residents aged 65 and older, projected to grow by 15.3% by 2030.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for even the most complex active adult, independent living, assisted living, memory care and skilled nursing projects across the country. With deep market knowledge, Berkadia Seniors Housing & Healthcare offers a full set of capital markets advisory, underwriting, loan origination services and products including FHA/HUD, Fannie Mae, Freddie Mac, Life Company, and Proprietary Bridge Lending.
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.
About Harrison Street Asset Management
Harrison Street Asset Management is a leading global alternative investment management firm with over $108 billion in assets under management through highly differentiated assets across infrastructure, real estate and credit strategies. Headquartered in Chicago, Toronto and London with approximately 600 employees in offices across North America, Europe, Asia and the Middle East, the firm offers innovative solutions across a variety of closed-end, open-end and specialized vehicles on behalf of 1,200 institutional and over 300 Registered Investment Advisors. For more information, visit www.hsam.com.1
1 HSAM data and descriptions of HSAM’s business are generally comprised of the aggregated data and business activities of investment advisors that are owned in whole or in part by HSAM. Assets under management (“AUM”) reflects the AUM for the investment advisory and asset management clients of such investment advisors and is inclusive of the regulatory AUM of such investment advisors that is reported in their respective Form ADVs.
About Allegro Senior Living
Allegro Senior Living specializes in developing and managing luxury retirement communities, bringing over 45 years of experience to provide a vibrant lifestyle for seniors who want and deserve more. The company creates and sustains distinctive Allegro and Alto Senior Living communities, each uniquely reflecting the surrounding neighborhood and the discerning seniors who make Allegro and Alto their home. Allegro Living, LLC serves as an affiliate manager of Allegro Senior Living, providing operational leadership and management services across its portfolio. For more information, visit www.allegroliving.com.
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Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc.
In California, Berkadia Commercial Mortgage LLC makes or arranges loans pursuant to a California Financing Law license. Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116, and Berkadia Real Estate Advisors Inc. under CA Real Estate Broker Lic. # 01931050.This advertisement is not intended to solicit commercial mortgage company business in Nevada.
Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions.
For state licensing details for the above entities, visit: http://www.berkadia.com/licensing.
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