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3340 Los Coyotes Diagonal

Updated Sep 17, 2025

Quality Senior Housing Foundation Inc And Sunrise Senior Living Secure $80.07M Loan For Senior Housing Development
FINANCEDSenior Housing

Quality Senior Housing Foundation Inc And Sunrise Senior Living Secure $80.07M Loan For Senior Housing Development

3340 Los Coyotes Diagonal

$80,070,000

$1,023/SF

Building Size

78,227 SF

Asset Type

Senior Housing

Closing

Sep 8, 2025

About this deal

AI

A loan amount of $80,070,000 has been secured for the development of Sunrise of Long Beach, a senior living community located at 3340 North Los Coyotes Diagonal in Long Beach. The asset encompasses 78,227 square feet and consists of 86 units, designed to cater to senior residents with 102 licensed beds.

Summary of transation details:

The financing has been arranged through JLL Capital Markets and HJ Sims, with Quality Senior Housing Foundation, Inc. and Sunrise Senior Living as borrowers. The project will be developed by Sunrise Development in collaboration with W.E. O’Neil Construction and HPI Architecture, with an anticipated opening in the first quarter of 2027.

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$80,070,000

$1,023/SF

Senior Housing

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Players

Jay Wagner

JLL

Broker

$1.7B

vol

14 deals

Broker
JLL
JLLBrokerage
HJ Sims
HJ SimsBrokerage
Philip Kroskin

Philip Kroskin

Sunrise Senior Living

Landlord

$80.1M

vol

1 deal

Landlord
Sunrise Senior Living
Sunrise Senior LivingLandlord
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Long Beach Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Loan transactions

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Deal FAQ

About $1K per square foot on a published $80.1M for 78,227 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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