Corley Audorff, Troon Dowds and Josh Williams of Colliers Mortgage arranged a $38 million loan for the refinance of a 159-unit seniors housing community in Bryan, Texas to include independent living, assisted living and memory care units. The community is part of a larger 1,000-acre, master planned community, adjacent to a golf and country club, and near a bustling biotechnology corridor. The community has close ties with Texas A&M University, located only a few miles away.
The loan carries a three-year term on an interest only basis for the first two years and was arranged for an undisclosed borrower.
