PHILADELPHIA, Jan. 22, 2026 (GLOBE NEWSWIRE) — GREA’s Philadelphia office has arranged a $44,200,000 senior construction loan for a 162-unit senior living development located at 943 S High Street in West Chester, Pennsylvania, a suburb of Philadelphia. The project will be the first senior living asset to be delivered in the market in a decade.
The terms of the loan included 65% loan-to-cost, 50% loan-to-value, an interest rate of SOFR +350, full-term interest only repayment, and a 4-year term (3 years with 1 year extension).
George Johnson of GREA stated: “The debt and equity markets were extremely challenging for senior living projects post-covid. We strongly believed in the fundamentals of this project which were compelling – the location, a strong developer-operator and favorable market demographics.
Those factors were all considered by our lender who delivered a very strong construction loan option. We are very pleased to have played a role in what will surely be a high quality and highly successful project.”
About GREA Debt & Equity Platform
GREA’s capital advisory, investment, and transactional platform serves owners, operators, and developers across major U.S. markets. The firm specializes in structured finance solutions for multifamily, student apartments, mixed-use, mobile home communities, senior living communities and retail assets. For more information on current rates or to view our available listings visit www.GREA.com.
Press Contact: George Johnson, Managing Director
215-454-2852
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ef9d7ea6-da9a-4928-a7a0-c851ca904a22
