Updated Jul 28, 2025
Symetra Provides $6.5 Million Refinance For Discovery Point Retirement Community In Mesa, AZ
6210 East Arbor Avenue
$6,500,000
Units
101
Asset Type
Senior Housing
Closing
Jul 17, 2025
About this deal
AI
Discovery Point Retirement Community is a 101-unit age-restricted multifamily property located at 6210 East Arbor Avenue in Mesa, Arizona. The property serves as a retirement community offering independent living in a garden-style complex, featuring spacious units and landscaped grounds along with on-site amenities such as dining services, wellness programs, and transportation options.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $6,500,000
- Loan Type: Refinance
- Lender: Symetra
- Brokers: Michael Zborowski, Bryan Geffen & Zachary Grossman - Meridian Capital Group
- Interest Rate: 6.12%
- Loan Term: Five years
Meridian Capital Group facilitated the financing arrangement for the refinance of Discovery Point Retirement Community, emphasizing their role in securing the loan provided by a life insurance company. Michael Zborowski, Bryan Geffen, and Zachary Grossman represent Meridian Capital Group in this transaction, highlighting the expertise they bring to the deal.
On the Map
$6,500,000
Senior Housing
View full map
Players
Mesa Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
Loading comparables…
Deal FAQ
Browse Mesa senior housing loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93