Bozeman, Montana – January 8, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the refinancing of Bozeman Lodge, an independent and assisted living community in Bozeman, Montana. Managing Directors Ed Williams, Steve Muth and Austin Sacco, Senior Director Garrett Sacco, and AVP Alec Rosenfeld of Berkadia Seniors Housing & Healthcare secured the financing from a debt fund on behalf of the owner-operator, Radiant Senior Living, based in Oregon. The deal closed on December 19, 2025.
The 2.5-year loan features interest-only payments for the full term, along with additional proceeds to complete capital improvements at the community. The transaction represents the debt fund lender’s first seniors housing loan and highlights Berkadia’s ability to source new capital providers for the sector through its extensive national network of relationships.
“This transaction showcases Berkadia’s ability to expand the capital base for seniors housing by introducing a new lender to the sector,” said Muth. “Bozeman Lodge is a high-quality community in a dynamic market, and this refinancing provides the ownership with flexible capital to execute their business plan and continue enhancing the resident experience.”
“We deeply appreciate how hard the Berkadia team worked on our behalf,” said James Guffee, CEO of Radiant Senior Living. “Despite some challenges along the way, they created an incredibly competitive process and delivered a financing outcome that supports our long-term vision for Bozeman Lodge and our residents.”
Located at 1547 N Hunters Way, Bozeman Lodge is nestled in the Gallatin Valley and offers expansive Montana mountain and big sky views. The community is situated in the home city of Montana State University and is less than an hour and a half from Yellowstone National Park. Bozeman Lodge features one- and two-bedroom private apartments as well as spacious two-bedroom cottages.
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.
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