The loan will be used for Promontory Apartments, which is part of a larger redeveloped retail center in Overland Park, Kan.
Goldman Sachs provided the buyer with a $32 million acquisition loan for the Class B multifamily asset.
The firm purchased the asset back in 2014 and undertook major renovations to the interiors and exteriors.
Tutera Senior Living & Health Care has opened the memory care and assisted living units of the $55 million community.
Tiffany Springs has 172 independent living units available, with 89 memory care and assisted living apartments to open later in August.
The redevelopment of the former Commerce Bank Executive Office building in downtown Kansas City, Mo., will create a 184-unit community. Berkadia originated the financing.