Escondido, CA – Cushman & Wakefield announced today that the real estate services firm served as the exclusive advisor to certain ownership affiliates of Kisco Senior Living (“Kisco”) to arrange the $51 million refinancing of Cypress Court in Escondido, California; Villa de San Antonio in San Antonio, Texas; and Heritage Woods in Winston-Salem, North Carolina. The refinance proceeds from a national bank are retiring existing debt.
Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker and Sam Dylag represented the borrower in the transaction.
“Kisco has been an excellent long-term owner of these communities,” said Rosenzweig. “Through their stewardship, they are able to provide a high-quality senior living option to residents and their families. We’re pleased to have worked with Kisco successfully again and arranged a new lending relationship for them.”