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Diversified Healthcare Closes $109 Million Loan
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Diversified Healthcare Closes $109 Million Loan
May 25, 2025 8:14 PM

12:24 PM EDT, 04/28/2025 (MT Newswires) -- Diversified Healthcare Trust ( DHC ) said Monday it closed a $109 million 10-year fixed-rate mortgage financing through Freddie Mac.

The loan is secured by seven senior living communities comprising 1,184 units managed by Five Star Senior Living.

The loan carries a 6.22% fixed interest rate with interest-only payments during the first five years and matures on May 1, 2035, Diversified Healthcare ( DHC ) said.

The company said it expects to close two additional term sheets for loan proceeds of about $94 million with different lenders by the end of May 2025.

Total proceeds from these financings, along with cash on hand, will be used to redeem the company's 9.75% senior notes due 2025, the company said.

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