facebook
Traded Co logo
Submit a Deal
2605 Marina Bay Dr
FINANCED

Greystone Provides $40.4M Loan For The Delaney At South Shore In League City

2605 Marina Bay Dr

Senior Housing
clock iconFinanced 235 days ago
the dealplayerscompscontact
share iconContact now

Summary

Loan
TEXAS
Senior Housing

The Delaney at South Shore is a 204-unit seniors housing property located at 2605 Marina Bay Dr in League City, Texas. The property was recently refinanced with a $40.4 million Fannie Mae loan provided by Greystone. The loan features a fixed interest rate, a 10-year term, and a 30-year amortization schedule. Additionally, the debt structure includes five years of interest-only payments. The borrower, Life Care Services, is a seniors housing owner-operator based in Des Moines, Iowa.

Summary of transation details:

  • Property Type: Senior Housing
  • Transaction Amount: $40,400,000.00
  • Address: 2605 Marina Bay Dr, League City, TX
  • Market: League City
  • Borrower's Rep: Tyler Armstrong
  • Lender: Greystone

Tyler Armstrong of Greystone served as the originator for the nonrecourse loan provided for the refinancing of The Delaney at South Shore in League City. The borrower, Life Care Services, is a prominent seniors housing owner-operator with its headquarters located in Des Moines, Iowa.

Players

  • All

    2

  • Agents

    1

  • Lenders

    1

Tyler Armstrong's profile picture
Tyler Armstrong
undefined-image
Managing Director Senior Housing

Details

Deal Summary
minus icon
FINANCED
IMAGE: 2605 Marina Bay Dr, League City, TX... MARKET: League City ASSET TYPE: Senior Housing BORROWER'S REP: Tyler Armstrong() LENDER: Greystone LOAN AMOUNT: $40,400,000.00.00

View on map

Loading...

Address2605 Marina Bay Dr

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want