Albuquerque Project Gets $52M Construction Loan
Link Senior Development is behind the 144-unit community.
Link Senior Development LLC has secured $51.8 million in financing for the construction of Ativo of Albuquerque, a 144-unit senior living community in Albuquerque, N.M. A JLL Capital Markets Debt Advisory team led by Director Alanna Ellis arranged the financing.
Ativo of Albuquerque will be a three-story building encompassing 75 assisted living and 47 independent living units, as well as 26 memory care beds. The community is set to also offer transportation services, coordinated outings, a culinary team, community activities and 24/7 care.
Common-area amenities are slated to include a fitness center, a dining room, a theatre room, a salon, pickleball courts, a mini-golf course, an art studio and an outdoor fireplace.
The 6.5-acre site is located at 4500 Quacker Heights Place NW. The property will be near Route 45, along which many dining options, retail centers and entertainment venues can be found. Ativo of Albuquerque will rise next to a new ambulatory urgent care center and a medical office building. There’s a variety of green areas and walking trails in the proximity, such as Petroglyph National Monument, Rinconada Canyon Trail and Rio Grande Nature Center Park.
Link Senior Development, in partnership with The Roxborough Group, last year purchased a 301-unit senior housing community in Phoenix. JLL worked on behalf of Link for that deal as well, representing the company in the $45 million transaction.