Tuesday, October 19, 2021

JLL Capital Markets arranges $31.6 million financing for the acquisition and mezzanine loan for Estancia Senior living in Fallbrook, CA

 

 

Alanna Ellis

San Diego, CA, Oct. 19, 2021 – JLL Capital Markets announced today that it has arranged $31.6 million in acquisition and mezzanine financing for Estancia Senior Living, a 103-unit, 114-bed, newly developed, Class A assisted living and memory care community at 1735 South Mission Road in the Southern California community of Fallbrook.

JLL worked on behalf of the borrower, Contour, to secure the $24 million three-year, floating-rate bank loan. Additionally, JLL worked to secure a $7.6 million, four-year, fixed-rate mezzanine loan.

Jeff Sause

The Capital Markets Debt and Equity Advisory team representing the borrower included Director Alanna Ellis and Senior Director Jeff Sause.

Estancia Senior Living is operated by Meridian Senior Living.

Estancia Senior Living is a brand-new senior living community, which debuted Summer 2021.

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CONTACT:

 Cierra Lacasse

PR, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com

 

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