IRA Capital, Artemis close $235 million loan backed by senior housing portfolio in Washington, Oregon

  • IRA Capital, with Artemis Real Estate Partners, closed a USD 235 million loan secured by two luxury senior housing communities in Bellevue, Washington, and Portland, Oregon.
  • The collateral totals 534 units across Watermark at Bellevue and Watermark at The Pearl, offering independent living, assisted living, and memory care.
  • The borrower is a joint venture between a national residential developer and an institutional real estate investment manager.
  • The financing adds to IRA’s private credit origination activity, which has totaled about USD 550 million over the past two years.


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