OMAHA, Neb. — CBRE has arranged $11.9 million in financing for Esprit Whispering Ridge, a 91-unit assisted living and memory care community in Omaha.
The borrower is a joint venture between South Dakota-based real estate firm Hegg Cos. and management/consulting firm Paradigm Senior Living. Located on 6.9 acres, the community is located less than five miles from the only full-service hospital in West Omaha.
Aron Will and Austin Sacco of CBRE National Senior Housing originated the 10-year, fixed-rate, Fannie Mae loan with 36 months of interest-only payments. The funds refinance the original construction loan for the property.