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Brookdale Senior Living has received $344.2 million to refinance a senior housing portfolio of 47 communities spread across 14 states under its master credit facility agreement. Proceeds paid off existing debt, a $312.5 million variable-rate loan due September 2027.

JLL originated the seven-year, fixed-rate note obtained through Fannie Mae’s DUS program. JLL Real Estate Capital LLC will service the loan that is interest only for the first two years.