Austin, Texas – February 24, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced the refinancing of a nine-property assisted living portfolio spanning Ohio and Pennsylvania. Managing Directors Steve Muth, Garrett Sacco, and Austin Sacco, along with AVP Alec Rosenfeld of Berkadia Seniors Housing & Healthcare, arranged the $114.37 million financing through Bloomfield Capital Partners, LLC on behalf of the borrower, a joint venture with an experienced owner and New Perspective Senior Living, LLC.
The two-year, interest-only bridge loan closed in less than 30 days from signed application. Proceeds are being used to refinance maturing debt and position the portfolio for its next phase of the business plan.
“Bloomfield was an outstanding partner on this transaction,” said Garrett Sacco. “Their ability to move quickly and execute with certainty allowed us to refinance maturing debt on an expedited timeline, while structuring a facility that gives these communities the runway they need to complete CapEx and reach full stabilization.”
“Value add deal opportunities require deep domain expertise, superior ability to execute, speed, and they demand both art and science applied to the underwriting process. The Bloomfield and Berkadia teams delivered on all those things and we a very excited about the future of our partnerships,” said Ryan Novaczyk, co-CEO of New Perspective.
Acquired by the joint venture in 2022, the 580-unit portfolio is located in the suburbs of the Cleveland, Ohio MSA—a top-30 U.S. MSA—and in multiple markets across western Pennsylvania. As of January 2025, the portfolio reported occupancy of 86 percent and is projected to reach full stabilization within the next 12 to 18 months following execution of the value-add and capital expenditure plan.
Berkadia Seniors Housing & Healthcare is a national leader in delivering innovative, comprehensive capital solutions for active adult, independent living, assisted living, memory care, and skilled nursing communities across the country. With deep market knowledge and execution expertise, Berkadia Seniors Housing & Healthcare offers a full suite of capital markets advisory,
underwriting, and loan origination services and products, including FHA/HUD, Fannie Mae, Freddie Mac, life company, and proprietary bridge lending programs.
Bloomfield Capital Partners, LLC is a national direct lender and capital provider focused on bridge lending and structured finance solutions for commercial real estate investments. The firm specializes in creative, flexible financing for multifamily, seniors housing, hospitality, office, retail, and other asset classes, delivering certainty of execution and expedited closings to experienced sponsors.
New Perspective is a leading acquiror, developer, owner, and operator of senior living communities. Its current portfolio consists of 49 communities in 8 states. Founded in 1998, on the belief that all seniors deserve to Live Life on Purpose®, New Perspective is a family-owned company based in Minnetonka, Minnesota that employees over 2,500 team members and serves over 5,000 seniors.
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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