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

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:

• Property Type: Senior Housing
• Transaction Amount: $80,070,000
• Address: 3340 North Los Coyotes Diagonal
• Market: Long Beach
• Units: 86
• Square Footage: 78,227
• Landlord: Philip Kroskin - Sunrise Senior Living; Quality Senior Housing Foundation, Inc
• Broker Representatives: Jay Wagner - JLL; Aaron Rulnick - HJ Sims

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.