Artemis Real Estate Partners, MorningStar Senior Living & American Capital Group Secure $40M Loan For 152-Unit Senior Housing In Kirkland, WA

The senior housing property located at 11729 NE 118th St in Kirkland, WA has recently been involved in a loan transaction. The property, which covers an area of 3.6 acres, consists of 152 units. The loan, amounting to $40,000,000, is a nonrecourse, floating-rate loan with full-term interest-only payments.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $40,000,000
• Address: 11729 NE 118th St
• Market: Kirkland, WA
• Units: 152
• Acres: 3.6

The deal was facilitated by the following individuals and companies: Aron Will and Tim Root from CBRE represented the landlords, which include Artemis Real Estate Partners, MorningStar Senior Living, and American Capital Group.