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4889 Katella Avenue

BWE Secures $46M Financing For Westmont Of Cypress Senior Living Community
FINANCEDSenior Housing

BWE Secures $46M Financing For Westmont Of Cypress Senior Living Community

4889 Katella Avenue

$46,000,000

Building Size

Asset Type

Senior Housing

Closing

Feb 8, 2024

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.

Players

Ryan Stoll

Bellwether Enterprise (BWE)

Broker

$709.1M

vol

9 deals

Broker

Los Alamitos Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Loan transactions

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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