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CBRE National Senior Housing Refinancing Loan For Westmont Living Seniors Housing In Nipomo, CA

Property Image
FINANCED
$16,200,000
Jesse Weber
Andrew Behrens
Aron Will
+ 1

California

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Financed 10/04/2022
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Property Image
FINANCED

CBRE National Senior Housing Refinancing Loan For Westmont Living Seniors Housing In Nipomo, CA

177 Mary Avenue, Nipomo, California 93444, United States

See Similar Deals
Financed 10/04/2022
Jesse Weber
Andrew Behrens
Aron Will
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Transaction Type:Loan

The seniors housing property located at 177 Mary Avenue in Nipomo, CA has recently undergone a refinancing loan transaction. The property comprises 97 units and spans across 4.2 acres. The deal involved a loan amount of $16,200,000 provided by CBRE National Senior Housing. The loan terms include a 10-year fixed-rate loan with five years of interest-only payments.

Summary of transaction details:

  • Property Type: Seniors Housing
  • Transaction Amount: $16,200,000
  • Address: 177 Mary Avenue
  • Market: Nipomo, CA
  • Units: 97
  • Acres: 4.2
  • Lender: CBRE National Senior Housing
  • Loan Type: Refinancing Loan
  • Loan Terms: 10-year fixed-rate loan with five years of interest-only payments

The landlords of the property are Westmont Living, while the brokers involved in the deal are Aron Will, Adam Mincberg, Andrew Behrens, and Jesse Weber from CBRE.

Players

Adam Mincberg
CBRE
Adam Mincberg
4 deals$235.9M volume
BROKER
Aron Will
CBRE
Aron Will
15 deals$398.7M volume
BROKER
Andrew Behrens
CBRE
Andrew Behrens
6 deals$364.5M volume
BROKER
Jesse Weber
CBRE
Jesse Weber
9 deals$433.7M volume
BROKER
CBRE
CBRE
LENDER

Details

FINANCED
IMAGE: Andrew Behrens, Adam Mincberg, Jesse Weber & Aron Will DATE: 10/04/2022 ADDRESS: 177 Mary Avenue MARKET: Nipomo, CA ASSET TYPE: Seniors Housing ~ UNITS: 97 ~ ACRES: 4.2 LENDER: CBRE National Senior Housing LANDLORD: Westmont Living (@WestmontLiving) BROKERS: Aron Will, Adam Mincberg, Andrew Behrens & Jesse Weber - CBRE (@CBRE) LOAN AMOUNT: $16,200,000 LOAN TYPE: Refinancing Loan LOAN TERMS: 10-year, fixed-rate loan with five years of interest-only payments

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$16,200,000.00

Monthly NOI$108,000.00
Monthly Debt Service$102,395.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00