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4610 Almaden Expy San Jose,...

Updated Nov 28, 2024

Walton Street Capital Arranges $59.2M Loan For Watermark At Almaden Senior Housing In San Jose
FINANCEDStudent Housing

Walton Street Capital Arranges $59.2M Loan For Watermark At Almaden Senior Housing In San Jose

4610 Almaden Expy San Jose, CA 95118, USA

$59,200,000

Units

200

Asset Type

Student Housing

Closing

May 17, 2023

About this deal

AI

Walton Street Capital has originated a $59.2 million loan for the refinancing of Watermark at Almaden, a 200-unit senior living community in San Jose. The property, developed by Alliance Residential and Affinius Capital, is located at 4610 Almaden Expressway. This transaction signifies confidence in the high-barrier market and showcases the partners' expertise in delivering a top-quality asset for the San Jose market.

Summary of transaction details

  • Property Type: Senior Housing
  • Transaction Amount: $59,200,000
  • Address: 4610 Almaden Expressway
  • Market: San Jose
  • Loan Type: Refinance
  • Lender: Walton Street Capital, L.L.C - Hilary Caudle
  • Landlord: Alliance Residential & Affinius Capital

The successful refinancing of Watermark at Almaden was made possible by the involvement of key individuals and companies. Walton Street Capital, represented by Hilary Caudle, acted as the lender, providing the significant loan amount. Alliance Residential and Affinius Capital, as the developers and landlords, played a crucial role in creating and managing this senior living community in San Jose.

Players

Walton Street Capital
Walton Street CapitalLender
Affinius Capital
Affinius CapitalLandlord

Los Angeles Student Housing Market Snapshot

Boundary boundary · Student Housing · Loan transactions

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Deal FAQ

About $296K per unit across 200 units on a published $59.2M (2023).

Browse Los Angeles student housing loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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