Assisted Living – San Francisco, CA

Closed: January 2018

UPB: $13,250,000

 

Loan Details

  • Loan was used for the acquisition of a 74-bed assisted living facility in San Francisco, California

  • Initial funding of $11.4 million with $1.85 million held back for unit renovations and cap ex.

Collateral Summary

  • 74-bed assisted living facility located in the Portala neighborhood of San Francisco.

  • Sponsor is experienced senior housing investor that secured an off market acquisition of the property at a deep discount.

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