Naples senior living facility borrows $76 million

The owners behind The Carlisle Naples, a luxury senior community in the city, have refinanced the property after completing a capital improvement plan.

Senior Resource Group and Harbert Management Co. secured the $76 million loan through the commercial and multifamily mortgage banking firm BWE.

BWE says the non-recourse bridge loan has a five-year term with a floating rate and full-term interest-only payments. “This structure offers the flexibility and favorable terms needed to position The Carlisle Naples for continued success,” the firm says in a statement announcing the loan.

The Carlisle Naples, at 6945 Carlisle Court, is made up of the 350 units, 257 of which are for independent living and 93 which are for assisted living. It sits on 18 acres just off Orange Blossom Drive and about 5 miles east of Pelican Bay.

The property’s owners completed an extensive capital improvement plan. According to a spokesperson, it was the “most extensive renovation in (the) building’s storied history, a complete exterior and interior refresh.”

SRG, along with Harbert Seniors Housing Fund II, bought The Carlisle in 2021. According to Collier County property records, the companies paid $101.5 million.

SRG had been managing the property since 2005.

BWE’s Ryan Stoll, a national director of seniors housing and care, and Taylor Mokris, a senior vice president of seniors housing and care, facilitated the financing.

This story has been updated to include information on the renovation.