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JLL Arranges $43.24M Refinance Loan For Varenita Of Westlake Senior Housing In Thousand Oaks, CA

Property Image
FINANCED
$43,240,000
Alanna Ellis
Ace Sudah
Hope Brunner

California

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Senior Housing
Financed 09/18/2023
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Property Image
FINANCED

JLL Arranges $43.24M Refinance Loan For Varenita Of Westlake Senior Housing In Thousand Oaks, CA

95 Duesenberg Drive

See Similar Deals
Senior Housing
Financed 09/18/2023
Alanna Ellis
Ace Sudah
Hope Brunner
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Senior Housing
Transaction Type:Loan

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

Alanna Ellis
JLL
Alanna Ellis
9 deals$469.7M volume
BROKER
Ace Sudah
JLL
Ace Sudah
6 deals$257.9M volume
BROKER
Hope Brunner
JLL
Hope Brunner
1 deal$43.2M volume(832) 341-7099
BROKER

Details

FINANCED
IMAGE: Hope Brunner, Ace Sudah, & Alanna Ellis DATE: 09/18/2023 ADDRESS: 95 Duesenberg Drive MARKET: Thousand Oaks ASSET TYPE: Senior Housing ~ UNITS: 86 LANDLORD: Westlake Senior Living, Center, LLC BROKERS: Alanna Ellis, Ace Sudah (@ace.sudah) & Hope Brunner (@hopebrunner) - JLL (@jll) LOAN AMOUNT: $43,240,000 LOAN TYPE: Refinance LOAN TERMS: five-year NOTE: JLL Capital Markets has arranged $43.24 million in financing for Varenita of Westlake, an 86-unit assisted living and memory care community in Thousand Oaks, California. The community offers a range of amenities and is strategically located near major retailers and highways.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$43,240,000.00

Monthly NOI$288,266.67
Monthly Debt Service$273,306.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00