facebook
Traded Co logo
Submit
Daily limit: 0/10

Protea Capital Partners Secures $35 Million Refinance For Ocean Hills Senior Living In Oceanside

Property Image
FINANCED
$35,000,000
Olga Walsh
Jack Wood

California

See Similar Deals
Senior Housing
Financed 10/06/2024
the dealplayerscompscontact
Property Image
FINANCED

Protea Capital Partners Secures $35 Million Refinance For Ocean Hills Senior Living In Oceanside

4500 Cannon Road

See Similar Deals
Senior Housing
Financed 10/06/2024
Olga Walsh
Jack Wood
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Senior Housing
Transaction Type:Loan

The asset involved in the transaction is a 216-unit senior housing campus located at 4500 Cannon Road, Oceanside, California. The property is designed to cater to the needs of seniors and is part of the Oceanside market.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $35,000,000
  • Loan Type: Refinance
  • Loan Terms: five-year, fixed-rate loan
  • Landlord: Greg Spiro - Protea Capital Partners
  • Brokers: Jack Wood & Olga Walsh - JLL
  • Units: 216

The refinancing was secured by JLL on behalf of Protea Capital Partners and obtained through a regional bank, facilitating the project's stabilization after initial occupancy challenges related to COVID-19.

Players

Olga Walsh
JLL
Olga Walsh
7 deals$192.5M volume
BROKER
Jack Wood
JLL
Jack Wood
3 deals$77M volume(214) 438-6100
BROKER

Details

FINANCED
IMAGE: Jack Wood, Greg Spiro & Olga Walsh DATE: 10/06/2024 ADDRESS: 4500 Cannon Road MARKET: Oceanside ASSET TYPE: Senior Housing ~ UNITS: 216 LANDLORD: Greg Spiro - Protea Capital Partners BROKERS: Jack Wood & Olga Walsh - JLL (@JLL) LOAN AMOUNT: $35,000,000 LOAN TYPE: Refinance LOAN TERMS: five-year, fixed-rate loan NOTE: JLL secured a $35 million construction-takeout refinancing for Ocean Hills Senior Living, a 216-unit seniors housing campus in Oceanside, California, on behalf of Protea Capital Partners. The five-year fixed-rate loan was placed with a regional bank, facilitating the project's stabilization after initial COVID-related occupancy challenges.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$35,000,000.00

Monthly NOI$233,333.33
Monthly Debt Service$221,223.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00