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

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.