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95 Duesenberg Drive

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

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

Alanna Ellis

JLL

Broker

$469.7M

vol

9 deals

Broker

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