JLL Arranges $43.24M Refinance Loan For Varenita Of Westlake Senior Housing In Thousand Oaks, CA
95 Duesenberg Drive
$43,240,000
Building Size
—
Asset Type
Senior Housing
Closing
Sep 18, 2023
AI
Varenita of Westlake, an 86-unit assisted living and memory care community located at 95 Duesenberg Drive in Thousand Oaks, California, has secured $43.24 million in refinancing through JLL Capital Markets. The community offers a range of amenities and is strategically situated near major retailers and highways.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $43,240,000
- Address: 95 Duesenberg Drive, Thousand Oaks, California
- Market: Thousand Oaks
JLL served as the broker for this financing deal, with Alanna Ellis, Ace Sudah, and Hope Brunner representing the firm. Varenita of Westlake is owned by Westlake Senior Living, Center, LLC.
Players
Westlake Village 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
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93