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

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FINANCED
$46,000,000

California

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Senior Housing
Financed 02/08/2024
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FINANCED

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

4889 Katella Avenue

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Senior Housing
Financed 02/08/2024
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Summary

CALIFORNIA
Asset Type:Senior Housing
Transaction Type:Loan

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
9 deals$709.1M volume(913) 940-0075
BROKER

Taylor Mokris
Bellwether Enterprise (BWE)
9 deals$709.1M volume(704) 659-5636
BROKER

Details

FINANCED
IMAGE: Ryan Stoll & Taylor Mokris DATE: 02/08/2024 ADDRESS: 4889 Katella Avenue MARKET: Cypress ASSET TYPE: Senior Housing ~ UNITS: 129 BROKERS: Ryan Stoll & Taylor Mokris (@TaylorMokris) - Bellwether Enterprise Real Estate Capital (BWE) (@BWE_Bellwether) LOAN AMOUNT: $46,000,000 LOAN TYPE: Refinance NOTE: BWE secures $46M financing for Westmont of Cypress, a senior living community in California, through a new lending relationship with a life insurance company. This non-recourse deal, facilitated by Ryan Stoll and Taylor Mokris, aligns with the client's investment goals and offers competitive terms for the upscale facility known for its extensive amenities.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$46,000,000.00

Monthly NOI$306,666.67
Monthly Debt Service$290,751.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00