BWE Arranges $65M Bond for Luxury Milpitas Senior Living

BWE Arranges $65M Bond for Luxury Milpitas Senior Living
News| August 6, 2025| Paul Bubny
California & West

BWE arranged a $65-million bond financing for Ivy Park at Milpitas, a 199-unit luxury senior living community located in Milpitas. Ryan Stoll, national director of seniors housing and care, and Taylor Mokris, SVP of seniors housing and care at BWE, arranged the financing.

The financing was secured on behalf of a joint venture between Blue Mountain Enterprises and SRM Development, with Oakmont Management Group managing the community. It was structured as a 15-year bond issuance, credit-enhanced by a letter of credit from Poppy Bank and featuring five years of interest-only payments along with a favorable covenant structure.

“This was a complex transaction requiring coordination across multiple stakeholders, and we’re proud to have delivered a tailored capital solution that positions Ivy Park at Milpitas for long-term success,” said Stoll. “Oakmont’s operational improvements and deep local expertise helped make this financing possible. Their leadership continues to enhance performance and elevate the resident experience.”

Other News

One Beverly Hills Reaches Milestones Ahead of Schedule

California & West + Apartment Buildings

The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...

Learn more

Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion

New York & Tri-State + Apartment Buildings

Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...

Learn more

Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor

Apartment Buildings

Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up