Updated Oct 29, 2026
FINANCEDSenior Housing
Wayne Comfort Of Comfort Communities Secures $42M Loan For Woodland Village Apartments In San Marcos
975 Woodland Parkway
$42,000,000
Units
204
Asset Type
Senior Housing
Closing
Oct 27, 2026
About this deal
AI
The asset involved in this transaction is Woodland Village Apartments, located at 975 Woodland Parkway in San Marcos, California. This senior housing community comprises 204 units and caters specifically to residents aged 55 and older. The property includes 31 income-restricted affordable units, representing approximately 15% of its total apartments.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $42,000,000
- Lender: Freddie Mac
- Landlord: Wayne Comfort - Comfort Communities
- Loan Type: Refinance
- Market: San Marcos, CA
- Units: 204
- Brokers: Trevor Brotman, Tricia Linden & Kara Proffitt - Walker & Dunlop
This refinancing transaction was arranged by Walker & Dunlop on behalf of their repeat client, Comfort Communities, underscoring their ongoing business relationship. The brokers involved in the deal are Trevor Brotman, Tricia Linden, and Kara Proffitt, representing the interests of the landlord during the refinancing process.
On the Map
$42,000,000
Senior Housing
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San Marcos 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93