Chelsea Seniors I, LLC Secures $11.6M Loan For Senior Housing In Houston, Texas

Chelsea Seniors I, LLC has recently secured a loan of $11,576,000 for the senior housing property located at 3230 W Little York Rd in Houston. The loan, provided by greystone''>Greystone, features a 35-year term and 40-year amortization, accompanied by a low, fixed interest rate. With 150 units, this senior housing asset is set to cater to the needs of the elderly population in the Houston market.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $11,576,000
• Address: 3230 W Little York Rd
• Market: Houston
• Units: 150

Michael Zampetti and Kelley Klobetanz from Greystone represented the lender in this transaction. Chelsea Seniors I, LLC acted as the landlord for this senior housing property. The loan terms, including the 35-year term, 40-year amortization, and low fixed rate, provide stability and long-term financing for the property. This deal signifies the ongoing demand for senior housing in the Houston market, and the involvement of Greystone highlights their expertise in financing such projects.