Richmond, VA and Dallas, TX – February 12, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the financing of a seniors housing community located in Idaho for $27.5 million.
Managing Directors Bianca Andujo and Steve Muth closed a $27.5 million loan through HUD’s 232/223(f) program for a first-time Berkadia client based in Tennessee. The HUD loan, featuring a 35-year fixed rate term, refinanced a bridge loan provided by Berkadia’s proprietary lending group and a bank partner. The bridge loan, which was outstanding for less than a year, provided financing for the subject and an additional community, which is expected to receive permanent HUD financing in 2026. The HUD loan is secured by a 191-unit Independent and Assisted Living Community in Idaho and at the time of closing, the facility boasted an occupancy rate of 97%.
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. In addition to deep market knowledge, the group offers a full set of investment sales, 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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Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.
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