$3,143,000 | SENIOR LIVING WITH MEMORY CARE LODI CA

New Closed Assisted Living Bridge Loan $3,143,000

Purchase

Loan Type: Bridge Loan Loan Amount: $2,795.000 First Mortgage
Loan Term: 3 Year Loan to Value: 75%

Property Type: Senior Housing with  Memory Care

ALF - 1321 Fairmont Ave, - Lodi (The Ashley Place)

 

Lodi California

The borrower consortium consisted of several highly experienced operators with syndicated equity.  They identified an older facility with a terrific layout and the ability to increase the memory care component of the facility without ground-up construction or large structural changes.  Combining both new debt capital through Wilshire and capital through the borrower’s syndicated equity, Wilshire structured a facility set aside capital for improvements and operating expense deficits while the property was in transition.,

 

Why Wilshire? 

  • Nationwide Direct Portfolio Lender, with two Real Estate Debt Funds.
  • Entrepreneurial Approach, Institutional Sophistication and Discretionary Capital.
  • Fast, Easy, Flexible Financing Solutions
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