A $76 million refinance has been arranged for The Carlisle Naples, a 350-unit senior living community in Naples, Florida, by BWE, a national commercial and multifamily mortgage banking company. The financing was secured on behalf of a joint venture between Harbert Management Company (HMC) and Senior Resource Group (SRG), a prominent operator of luxury senior housing communities.
Credit: The Carlisle Naples.
The Carlisle Naples offers 257 independent living units and 93 assisted living units, spanning over 18 acres in a prime Naples location. The property recently underwent a comprehensive capital improvement plan during the pandemic, resulting in enhanced occupancy levels and rate growth post-renovation. The senior housing market in Naples remains strong, with 75+ household growth at 3% annually, independent living occupancy over 90%, and rate growth exceeding 10%.
BWE’s National Seniors Housing & Care team facilitated the financing through a competitive process, ultimately securing a non-recourse bridge loan with a five-year term, a competitive floating rate, and full-term interest-only payments. This loan structure provides the flexibility and favorable terms needed to support the continued success of the community.
Ryan Stoll, National Director of Seniors Housing and Care at BWE, and Taylor Mokris, Senior Vice President of Seniors Housing and Care, led the transaction.
“The Carlisle Naples is a fixture in the Naples community, offering incredible amenities and an unmatched location that sets the standard for the market,” said Mokris.
The Carlisle Naples stands as a flagship property in SRG’s portfolio, reflecting robust demand for high-quality senior housing in the Naples area. With its strategic location and upgraded offerings, the community is positioned to continue serving residents with luxury and care.
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