JLL Capital Markets arranges $15 million loan for the 52-bed Monarch Cottages memory care community in La Jolla, CA

 Alanna Ellis

 

 SAN DIEGO, CA – JLL Capital Markets has arranged a $15 million refinance for Monarch Cottages, a 26-unit, 52-bed, 2-story, Class A luxury memory care community in the San Diego community of La Jolla, California.

 JLL represented the borrower, Monarch Senior Living, in arranging a loan.

 The JLL Capital Markets debt team that represented the borrower was led by Directors Alanna Ellis and Bercut Smith.

Bercut Smith

Located at 7630 Fay Ave., Monarch Cottages is near the 5 and 52 freeways, offering access to many of La Jolla’s popular attractions, including Shell Beach, La Jolla Cove, Goldfish Point, the La Jolla Tide Pools and rich cultural venues.

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

 About Monarch Senior Living

Monarch Cottages, a 26-unit, 52-bed,
2-story, Class A luxury memory care
community in the San Diego community
of La Jolla, California.

Monarch Senior Living (“the company”) was founded in 1982 to develop, acquire, own, finance and manage senior living communities.

 The company has developed and operated a portfolio of well known communities, consisting of over 3,400 units, with a value of $1 billion, which represent the high caliber approach of the company.

 

CONTACT:

 

Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email: Cierra.Lacasse@am.jll.com