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| Lillian Roos |
SAN FRANCISCO, CA – JLL Capital Markets has arranged $16.275 million in acquisition financing for two land sites totaling 12.73 acres for the development of seniors housing communities in Livermore and Soquel, California.
JLL
worked on behalf of the borrower, Calson Management, to secure the $10.5
million and $5.775 million one-year, fixed-rate loans through Barnett
Capital Limited.
The
JLL Capital Markets Debt Advisory team representing the borrower was led by
Senior Director Bercut Smith, Director Lillian Roos and Analysts Lauren
Sackler and Ace Sudah.
 |
| Lauren Sackler |
On-site
community amenities will include designated dining rooms, a hobby room,
spa/salon, movie theater, laundry facilities, a fitness center, wellness center
and walking paths with open outdoor spaces.
The
property is near local retail, entertainment and dining hubs and is a 10-minute
drive from Stanford Health Care – Valley Care Memorial Center and Livermore
Division – VA Palo Alto Health Care System.
Additionally,
the proximity to CA-84 provides access to San Francisco, Silicon Valley and the
Central Valley in under an hour drive.
 |
| Ace Sudah |
The site is a fully entitled assisted living and memory care development that Calson Management took through the entitlement process while the site was under contract.
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| Livermore seniors housing development site, Livermore, CA |
Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.
CONTACT:
Cierra
Lacasse,
JLL
Associate, Public Relations
Phone: +1
602 648 8701
Email: Cierra Lacasse@am.jll.com
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