$39M bridge loan arranged for Central Massachusetts active adult community

BOSTON, June 4, 2026 – JLL Capital Markets announced today that it has arranged $39 million in financing for The Arbella at Bramble Hill, a recently completed, 123-unit, Class A active adult community in Worcester, Massachusetts.

JLL worked on behalf of the developer, The United Group of Companies, Inc. (“United Group”) to secure the bridge loan through Eastern Bank for UW Senior, LLC (“Borrower”). The bridge loan paid off the existing construction loan and will fund remaining improvements at the property.

Completed in Q1 2026, The Arbella at Bramble Hill consists of three, three-story residential buildings with 57 one- and 66 two-bedroom apartments averaging 1,049 square feet. The 17.36-acre site also includes an 8,500-square-foot clubhouse with a fitness center, yoga studio, wellness spa and salon, indoor pool, bistro and great room, multimedia theater, golf simulator, patio with fire pit and an outdoor kitchen with grilling stations. Residents also have access to on-site pickle ball and bocce courts, a community garden and a dog park.

The Arbella at Bramble Hill will also feature United Group’s trademarked and award-winning lifestyle program, The SUN® Program, which provides residents with an array of services and activities designed to foster and support active living and promote a wellness lifestyle.

The Arbella at Bramble Hill is located at 361 Arbella Dr. on the West Side of Worcester, the second largest city in New England. Worcester is home to 10 higher learning institutions and numerous prominent employers, including UMass Memorial Healthcare, Abbvie, Hanover Insurance and Unum Insurance. The city has become a hub for “eds & meds” and provides a strong affluent renter pool amongst those aged 55 and older with approximately 17,000 households in the primary market area that will ensure long-term demand for the property.

The Arbella at Bramble Hill is ideally situated at the convergence of many of the region’s major interstates, including Interstates 90 and 290, providing ease of access for residents and their visitors throughout the Greater Worcester area and to Boston.

The JLL Capital Markets Debt Advisory team representing the Borrower was led by Managing Director Henry Schaffer and Director Madeline Joyce.

“The establishment of our relationship with Eastern Bank marks an important step for our organization,” Michael J. Uccellini, President & CEO of United Group said. “Their collaborative approach and executional expertise resulted in a highly efficient and seamless financing transaction.

“The Arbella at Bramble Hill addressed a robust market need, as there is a rapidly expanding 55 and older population in Massachusetts yet there are limited market-rate active adult options for those residents,” said Schaffer. “Due to this and the strength of the asset and sponsor, we saw a significant amount of interest from banks, life companies and debt funds.”

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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United Group is a full-service, vertically integrated leader in real estate development and management with over 50 years of industry expertise. Since its founding in 1972, United Group has completed over $4 billion in development and acquisitions, including 4,000+ senior living apartments valued at over $1 billion, 5,000+ student housing beds, 25,000+ multifamily units and over 2 million square feet of commercial properties. Its mission is to develop, build and acquire vibrant communities where its residents, investors, partners, and commercial clients feel welcome, connected, and fulfilled. United Group has been recognized as a Top Workplace USA every year since 2020, as well as a Top Workplace in the New York Capital Region since 2016; Its CEO, Michael J. Uccellini was honored with the Albany Times Union Top CEO award in 2022. To learn more, please visit: ugoc.com.

Founded in 1818, Eastern Bank is Greater Boston’s leading local bank with more than 125 branch locations serving communities in Massachusetts, New Hampshire, and Rhode Island, and approximately $30.6 billion in assets. Eastern Bank provides a range of commercial real estate financing offerings to assist companies with real estate acquisition, refinancing, or new construction. Lending solutions include for multi-family housing, office, industrial and warehouse properties, hospitality properties, and retail developments, as well as highly sophisticated treasury services and deposit products for the commercial real estate industry. Eastern also provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management and Private Banking Divisions, which include the largest bank-owned independent investment adviser in Massachusetts with $9.8 billion in assets under management. An inclusive company, Eastern is comprised of deeply committed professionals who value relationships with their customers, colleagues and communities. Join us for good at www.easternbank.com.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.