Columbia Pacific Advisors And LAMB Properties Secure $308 Million Refinance For Senior Housing Portfolio

The transaction involves refinancing two senior housing communities located at 6233 Variel Avenue in Woodland Hills, CA and 501 Mattison Avenue in Ambler, PA. The portfolio comprises a total of 586 units, which were opened in 2022 and are currently over 90% leased, surpassing initial leasing expectations. The total loan amount secured for this transaction is $308,000,000.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $308,000,000
• Units: 586
• Landlord: Alex Washburn and Stan Baty - Columbia Pacific Advisors; LAMB Properties; Patrick McGonigle - Harbert South Bay Partners
• Brokers: Ryan Stoll and Taylor Mokris - Bellwether Enterprise (BWE)

Bellwether Enterprise secured the refinancing on behalf of a joint venture involving Columbia Pacific Advisors, LAMB Properties, and Harbart South Bay Partners. The refinancing deal highlights the successful leasing strategy of the properties within the portfolio, which are strategically positioned in both Woodland Hills and Ambler markets.