Benchmark Senior Living & Sculptor Capital Management Refinance Senior Housing In Smithtown, Long Island For $29M

$29,000,000

$327/SF

Building Size

88,500 SF

Asset Type

Senior Housing

Closing

Sep 28, 2023

AI

Benchmark Senior Living and Sculptor Capital Management have secured a refinance loan for their senior housing property located at 71 St Johnland Road in Smithtown, Long Island. The property spans across 88,500 square feet and consists of 101 units.

Summary of transaction details

Property Type: Senior Housing
Transaction Amount: $29,000,000
Address: 71 St Johnland Road, Smithtown, Long Island
Market: Smithtown, Long Island
Lender: Live Oak Bank
Landlord: Benchmark Senior Living & Sculptor Capital Management
Brokers: Joel Mendes, Ted Flagg & Stephen Van Leer - JLL
Loan Type: Refinance

The loan was provided by Live Oak Bank as part of the refinancing agreement. The brokers representing Benchmark Senior Living and Sculptor Capital Management in this deal were Joel Mendes, Ted Flagg, and Stephen Van Leer from JLL.

Players