FINANCED
Contour Acquires Senior Housing Property In Southern California With $31.6M Loan
1735 South Mission Road
Other
148,104 SF
148,104 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
Other
148,104 sqft
Contour has acquired a senior housing property located at 1735 South Mission Rd in Southern California. The property consists of 103 units with a total of 114 beds, spread across 3.4 acres. The transaction took place on October 19, 2021.
Summary of transation details
- Property Type: Senior Housing
- Transaction Amount: $31,600,000
- Loan Type: Acquisition & Mezzanine
- Loan Terms: Three-year, floating-rate bank loan & four-year, fixed-rate mezzanine loan
- Landlord: Contour
- Brokers: Alanna Ellis & Jeff Sause - JLL Capital Markets
The loan amount for the acquisition and mezzanine financing of the property is $31,600,000. The financing structure includes a three-year floating-rate bank loan and a four-year fixed-rate mezzanine loan.
Players
All
3
Agents
2
Agencies
1
Details
FINANCED
IMAGE: Alanna Ellis & Jeff Sause
DATE: 10/19/2021
ADDRESS: 1735 South Mission Rd
MARKET: Southern California
ASSET TYPE: Senior Housing ~ UNITS: 103 ~ BEDS: 114 ~ ACRES: 3.4
LANDLORD: Contour
BROKERS: Alanna Ellis & Jeff Sause - JLL Capital Markets
LOAN AMOUNT: $31,600,000
LOAN TYPE: Acquisition & Mezzanine
LOAN TERMS: three-year, floating-rate bank loan & four-year, fixed-rate mezzanine loanView on map
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Address1735 South Mission Road
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