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Contour Acquires Senior Housing Property In Southern California With $31.6M Loan

1735 South Mission Road
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This Other property located in CA received a loan of $31,600,000 over 2 years ago. The brokers of the deal were Alanna Ellis and Jeff Sause

Contour has acquired a senior housing property located at 1735 South Mission Rd in Southern California. The property consists of 103 units with a total of 114 beds, spread across 3.4 acres. The transaction took place on October 19, 2021.

Summary of transation details

  • Property Type: Senior Housing
  • Transaction Amount: $31,600,000
  • Loan Type: Acquisition & Mezzanine
  • Loan Terms: Three-year, floating-rate bank loan & four-year, fixed-rate mezzanine loan
  • Landlord: Contour
  • Brokers: Alanna Ellis & Jeff Sause - JLL Capital Markets

The loan amount for the acquisition and mezzanine financing of the property is $31,600,000. The financing structure includes a three-year floating-rate bank loan and a four-year fixed-rate mezzanine loan.

View Related

Deals
  • Location
    1735 South Mission Road, Fallbrook, CA, USA1735 South Mission Road, Fallbrook, CA, USA
  • Loan Value
    $31,600,000$31,600,000
  • Asset Type
    OtherOther
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Alanna Ellis

Alanna Ellis

Deals7
Financed$277.4M

Jeff Sause

Jeff Sause

Deals17
Financed$736M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

LOAN IMAGE: Alanna Ellis & Jeff Sause DATE: 10/19/2021 ADDRESS: 1735 South Mission Rd MARKET: Southern California ASSET TYPE: Senior Housing ~ UNITS: 103 ~ BEDS: 114 ~ ACRES: 3.4 LANDLORD: Contour BROKERS: Alanna Ellis & Jeff Sause - JLL Capital Markets LOAN AMOUNT: $31,600,000 LOAN TYPE: Acquisition & Mezzanine LOAN TERMS: three-year, floating-rate bank loan & four-year, fixed-rate mezzanine loan

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1735 South Mission Road

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