News Release: $48M refinancing secured for two Tri-State seniors housing communities

JLL Capital Markets led the financing efforts for The Chelsea at New City in New York and The Chelsea at Washington Township in New Jersey

MORRISTOWN, N.J., Jan. 12, 2026 –  JLL Capital Markets announced today that it has arranged a $48 million refinancing for two Class A seniors housing communities: The Chelsea at New City in New City, New York, and The Chelsea at Washington Township in the Township of Washington, New Jersey.

JLL’s Seniors Housing Debt Advisory team worked on behalf of the borrower, Bain Capital Real Estate and Capitol Seniors Housing, to place the three-year, floating-rate loan with a large regional bank.

The Chelsea at New City was built in 2021 and consists of 80 units of assisted living, memory care and respite care. On-site amenities include restaurant-inspired meals, beauty/barber salon, sports lounge, health and wellness programs, daily activities calendar, computer lab, movie theater, transportation services and more. The property is located at 269 North Main St. in Rockland County, New York, approximately 18 miles north of Manhattan.

Completed in 2023, The Chelsea at Washington Township consists of 85 units offering assisted living and memory care. Residents have access to a similar amenity suite as The Chelsea at New City. The 5.0-acre site is located at 620 Pascack Rd. in Northern New Jersey’s Bergen County, approximately 11 miles northwest of Manhattan.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

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About Bain Capital Real Estate

Bain Capital Real Estate applies deep industry expertise and a value-add plus approach to accelerate the transformation of complex, demand-driven assets. Since 2010, their team has focused on investments where their experienced team can apply deep industry expertise to accelerate impact and drive operational improvements. Their goal is to execute carefully defined, true value-add strategies to create high-quality stabilized assets and portfolios with consistent success. As part of the Bain Capital platform, they are able to leverage experience and expertise from across the firm in the life sciences, industrial/ distribution, residential, media & content and healthcare sectors to help inform their investment themes. They continue to invest in and build out platforms in attractive sectors.

 

About Capitol Seniors Housing

Based in Washington D.C., Capitol Seniors Housing (CSH) is a private equity-backed real estate acquisition, development and investment management firm founded in 2003. CSH has successfully acquired or developed more than 120 senior housing communities and deployed over $2.5 billion of investment capital to date. For more information, please visit www.capitolseniorshousing.com.

 

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.