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.
For
more news, videos and research resources on JLL, please visit our newsroom.
CONTACT:
PR, Capital Markets
JLL
T
+1 602 648 8701
M
+1 408 318 8021
No comments:
Post a Comment