Dean Ofer Of Harborview Capital Partners Arranges $25.31M Bridge Loan For Senior Housing In Port Orange

The property asset involved in this transaction is a 146-unit assisted living facility located at 941 Village Trail in Port Orange, FL. The facility spans a total of 160,694 square feet and is categorized as senior housing. The transaction involves a loan amount of $25,306,000 secured through a bridge loan type, with a loan-to-value ratio (LTV) of 75%, which includes $2,306,000 in cash out proceeds. The loan is guaranteed as non-recourse to the PropCo.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $25,306,000
• Address: 941 Village Trail
• Market: Port Orange
• Asset Size: 160,694 SF
• Units: 146
• Loan Type: Bridge
• LTV: 75%
• Cash Out Proceeds: $2,306,000
• Guarantee: Non-Recourse to the PropCo
• Originator: Dean Ofer - Harborview Capital Partners

Dean Ofer represents Harborview Capital Partners in this transaction, having arranged the bridge-HUD refinance for the assisted living facility. For any inquiries, interested parties can reach out to him directly at 646-733-8520 or via email at [email protected].