Updated May 14, 2026
Eli Osdoba And Matan Meloul Of Harborview Capital Partners Secures $8.5M Refinance For Grand Oaks Assisted Living
3550 Southwest Corporate Parkway
$8,500,000
Building Size
—
Asset Type
Senior Housing
Closing
May 11, 2026
About this deal
AI
The asset involved in this transaction is Grand Oaks Assisted Living, located at 3550 Southwest Corporate Parkway in Palm City, Florida. The transaction was a refinance involving a total loan amount of $8,500,000 under the HUD 232/223(f) program, featuring a 35-year term and an amortization schedule. The financing structure is non-recourse, offering enhanced stability for the ownership group.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $8,500,000
- Loan Type: Refinance
- Loan Terms: HUD 232/223(f) Refinance, 35-year term, Non-Recourse
- Market: Palm City
The transaction was originated by Eli Osdoba and Matan Meloul, representing Harborview Capital Partners, a full-service debt, equity, and investment sales firm that facilitated the closing of this refinance. The originators provided structured financing at an aggressive interest rate, ensuring long-term stability for the project.
On the Map
$8,500,000
Senior Housing
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Palm City 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93