IRA Capital Secures $58 Million Loan For Quail Park Of Lynnwood Senior Housing Community

The asset involved in this transaction is a senior housing community named Quail Park of Lynnwood, situated at 4015 164th Street Southwest in Lynnwood, WA. The property comprises 253 units spread over 15 acres, and a loan amount of $58,000,000 has been secured for its financing.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $58,000,000
• Address: 4015 164th Street Southwest
• Market: Lynnwood, WA
• Units: 253
• Acres: 15
• Landlord: IRA Capital
• Brokers: Alanna Ellis, Dean Ferris, John Chun & Zach Brantley - JLL

IRA Capital secured the financing through a floating-rate senior loan from BMO, following an all-cash acquisition of the property from CA Senior Living in June 2024. JLL played a key role in arranging the financing for this transaction.