Updated Dec 4, 2024
BWE Secures $46M Financing For Westmont Of Cypress Senior Living Community
4889 Katella Avenue
$46,000,000
Units
129
Asset Type
Senior Housing
Closing
Feb 8, 2024
About this deal
AI
Westmont of Cypress, a senior living community located at 4889 Katella Avenue in Cypress, California, has secured $46,000,000 in financing through a non-recourse refinance deal. The financing was arranged by Ryan Stoll and Taylor Mokris of Bellwether Enterprise Real Estate Capital (BWE) on behalf of the upscale facility, which offers extensive amenities for its residents.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $46,000,000
- Location: 4889 Katella Avenue, Cypress
- Market: Cypress
- Units: 129
Ryan Stoll and Taylor Mokris of Bellwether Enterprise Real Estate Capital (BWE) facilitated the financing deal for Westmont of Cypress, aligning with the client's investment goals and securing competitive terms from a life insurance company. This new lending relationship allows the senior living community to continue providing its residents with a high-quality living environment.
On the Map
$46,000,000
Senior Housing
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93