Blueprint sources debt capital on behalf of an experienced investor for the acquisition of a 198- unit independent and assisted living community in Modesto, California.
This acquisition gave an existing customer the chance to continue growing their California seniors housing portfolio, with the current manager staying on, now as a related party to the new ownership.
With a largely stable asset in hand, Blueprint zeroed in on banks and permanent lenders open to a performance-based earn-out tied to operational upside under new ownership. Blueprint walked the buyer through multiple paths before landing on a life insurance company that provided the right fit for objectives, deep seniors housing expertise, and unmatched certainty of execution.
The result: Another proof point for Blueprint’s ability to deliver permanent debt with room for future proceeds.
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