Updated Jun 26, 2025
Cushman & Wakefield Secures $40 Million Loan For Seascape At Naples Senior Housing
3490 Thrive Dr
$40,000,000
Units
196
Asset Type
Senior Housing
Closing
Jun 25, 2025
About this deal
AI
The property asset involved is Seascape at Naples, a senior living community with 196 units located at 3490 Thrive Dr in Naples. The property was recapitalized through an all-cash equity deal valued at $40,000,000.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $40,000,000
- Landlord: Distinctive Healthcare
- Market: Naples
- Loan Type: Recapitalization
- Units: 196
The deal was brokered by a team from Cushman & Wakefield, which included John Alascio, Aaron Graves, Jason Blankfein, and Jason Skalko. Additionally, David Young from Greystone was involved in the transaction, representing Distinctive Healthcare.
On the Map
$40,000,000
Senior Housing
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Players
Naples 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93