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10605 Wolfe Road

Gantry Secures $25 Million Refinance Loan For 160-Unit Senior Housing Community In Cupertino
FINANCEDSenior Housing

Gantry Secures $25 Million Refinance Loan For 160-Unit Senior Housing Community In Cupertino

10605 Wolfe Road

$25,000,000

Building Size

Asset Type

Senior Housing

Closing

Apr 4, 2025

AI

A $25 million permanent loan was arranged to refinance a 160-unit seniors housing community located at 10605 North Wolfe Road in Cupertino, California. This property is specifically restricted to residents aged 55 and older.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $25,000,000
  • Loan Type: Refinance
  • Loan Terms: 10-year fixed-rate loan, 30-year amortization
  • Units: 160
  • Market: Cupertino

Mitch Zeemont, Jeff Wilcox, Robert Slatt, and Erinn Cooke represented the borrower in this transaction, with the loan being provided by one of Gantry’s insurance company correspondents. The brokerage involved was Gantry, highlighting the expertise of the team in managing significant financing needs in the senior housing sector.

Players

Jeff Wilcox

Gantry

Broker

$383.7M

vol

11 deals

Broker
Gantry
GantryBrokerage
Gantry
GantryLender

Cupertino Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93