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1115 Northwest 158th Avenue

Updated Dec 4, 2024

Walker & Dunlop Arranges $15.25M Refinance For Waterhouse Ridge Memory Care In Beaverton, OR
FINANCEDNursing Home

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

Kevin Giusti

Walker & Dunlop

Broker

$64.1M

vol

4 deals

Broker

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

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