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

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FINANCED
$59,200,000

California

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Student Housing
Financed 05/17/2023
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FINANCED

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

4610 Almaden Expy San Jose, CA 95118, USA

See Similar Deals
Student Housing
Financed 05/17/2023
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Summary

CALIFORNIA
Asset Type:Student Housing
Transaction Type:Loan

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

LENDER


Details

FINANCED
IMAGE: Hilary Caudle DATE: 05/17/2023 ADDRESS: 4610 Almaden Expressway MARKET: San Jose ASSET TYPE: Senior Housing ~ UNITS: 200 LENDER: Walton Street Capital, L.L.C - Hilary Caudle LANDLORD: Alliance Residential (@AllianceResidential) & Affinius Capital LOAN AMOUNT: $59,200,000 LOAN TYPE: Refinance NOTE: 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, developed by Alliance Residential and Affinius Capital. The loan signifies confidence in the high-barrier market and showcases the partners' expertise in delivering a top-quality asset for the San Jose market.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$59,200,000.00

Monthly NOI$394,666.67
Monthly Debt Service$374,184.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00