Brittany House: Acquisition to Refinance
With the business plan executed, ownership engaged Blueprint Real Estate Capital to replace its short-term capital stack with long-term, fixed-rate HUD financing. Proceeds from the new 35-year, fully amortizing, non-recourse loan refinanced both the acquisition financing and the partnership debt, and considerable property reserves, consolidating the property's debt into a single permanent loan. The transaction closed on October 20, 2026.

Blueprint Real Estate Capital's underwriting team worked through the property's full HUD review, including delivering a firm commitment. The transaction marks Blueprint Real Estate Capital's first closed HUD loan and demonstrates how Blueprint supports clients across the full ownership life cycle, from acquisition advisory to permanent agency financing.

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About Brittany House:
Brittany House is an 83-unit assisted living community located in Long Beach, California. Constructed in 1970 as a skilled nursing facility and converted years later to a memory care-only community.

Since the acquisition in 2023, current ownership has created and implemented a stabilization and repositioning plan with approximately $500,000 in capital improvements, including: conversion and renovation of resident showers for accessibility and compliance, installation of a Wander Guard safety system to support secure units, concrete, railing, and exterior upgrades, refreshed common areas, and mechanical systems to make the property more marketable to broader assisted living residents. These improvements helped modernize the community while also expanding eligibility for CalAIM program participation.