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3380 Scottsdale Road

Todd Leveen Of Parkway Bank Provides $79.1M Construction Loan For Senior Housing In Scottsdale AZ
FINANCEDSenior Housing

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:

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

Alexander Rossinsky

WAY Capital

Broker

$811.7M

vol

10 deals

Broker
WAY Capital
WAY CapitalBrokerage
Parkway Bank & Trust
Parkway Bank & TrustLender

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