Todd Leveen Of Parkway Bank Provides $79.1M Construction Loan For Senior Housing In Scottsdale AZ
3380 Scottsdale Road
$79,100,000
$329/SF
Building Size
240,420 SF
Asset Type
Senior Housing
Closing
Aug 28, 2025
AI
The property asset involved in this transaction is senior housing located at 3380 Scottsdale Road in Scottsdale, AZ. The total square footage of the asset is 240,420, and a construction loan was secured for a total amount of $79,100,000.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $79,100,000
- Loan Type: Construction
- Lender: Todd Leveen - Parkway Bank
- Brokers: Malcolm Davies & Alexander Rossinsky - WAY Capital
The deal was facilitated by Malcolm Davies and Alexander Rossinsky, who represented the transaction through WAY Capital. Their expertise contributed to the successful arrangement of the construction loan specifically for the senior housing asset.
Players
Scottsdale Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93