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The community, Tequesta Terrace Senior Living, located in an incredible location within a booming South Florida market, needed a debt refresh after Alta executed its value-add capex, operational turnaround, and lease-up business plan, all while enduring COVID-era operating disruptions and interest rate swings. The community had been thoughtfully renovated and is well-positioned to capture affluent, private-pay senior living residents.
BPCM ran a full debt process and, working with the borrower, eventually selected a lender able to offer a non-recourse bridge to a HUD financing loan. Blueprint worked with the owner and tracked the capital markets for over a year to identify the optimal window in which to seek a refinance. BPCM was perfectly positioned to secure a solution that best met all the deal complexities and maximized the investment objectives. The targeted lender profile for this deal was banks and private credit lenders with an ultimate HUD execution.
This transaction represents BPCM’s capabilities to be an agnostic advisor and work with a borrower over time to shepherd in new debt options as both the opportunity and the market permit.
CAPITAL MARKETS
SENIORS HOUSING
Sun Shining, Market Aligning
Blueprint Capital Markets (“BPCM”) sources the debt on behalf of an experienced, national owner/operator, Alta Senior Living, for the refinance of a 100-unit assisted living and memory care community in Palm Beach County, Florida.
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