James Zumot Of Siguler Guff Secures $27.5M Mezzanine Loan For Houston Senior Housing Project

The property asset involved in this transaction is Us Bayou Park, a 404-unit luxury multifamily community located at 2221 West Dallas Street in Houston. The transaction includes a mezzanine loan amount of $27,500,000, which is part of an $86,000,000 refinancing. The market for this property is Houston, and it falls under the senior housing asset type.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $27,500,000
• Address: 2221 West Dallas Street
• Market: Houston
• Units: 404
• Lender: Benefit Street Partners
• Landlord: James Zumot - Siguler Guff
• Loan Type: Mezzanine

The deal features ownership by Vero Capital, which will utilize the recapitalization to finance upgrades and long-term improvements under its Us Living platform. Kairoi Residential has been appointed to manage the property in conjunction with this transaction.