Updated Dec 4, 2024
Walker & Dunlop Arranges $15.25M Refinance For Waterhouse Ridge Memory Care In Beaverton, OR
1115 Northwest 158th Avenue
$15,250,000
Building Size
—
Asset Type
Nursing Home
Closing
Sep 7, 2023
About this deal
AI
Walker & Dunlop has successfully arranged a $15.25 million refinance for Waterhouse Ridge Memory Care, a 68-bed memory care facility located at 1115 Northwest 158th Avenue in Beaverton, Oregon. The property is owned by Zack Falk, the landlord and founder of Onelife Senior Living. The facility is specialized in providing care for individuals with memory-related conditions.
Summary of transaction details
- Property Type: Nursing Home
- Transaction Amount: $15,250,000
- Address: 1115 Northwest 158th Avenue, Beaverton, OR
- Market: Beaverton, OR
- Landlord: Zack Falk - Onelife Senior Living
- Brokers: Daniel Barone & Kevin Giusti - Walker & Dunlop
Walker & Dunlop's Daniel Barone and Kevin Giusti acted as the brokers in facilitating the $15.25 million refinance deal for Waterhouse Ridge Memory Care. The facility offers specialized memory care services, making it a crucial asset for the community. With their expertise in the market, Barone and Giusti ensured a smooth transaction between the lender and the borrower. The refinance enables Onelife Senior Living to continue offering top-notch care for individuals with memory-related conditions in the Beaverton area.
Players
Beaverton Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93