Fallbrook Assisted Living

Transaction description

Jen Mustard of PSRS arranged the $13 million refinance of a 112-unit senior housing facility in Fallbrook, California. Spanning three buildings totaling 106,416 square feet, the 97% occupied property offers a comprehensive care continuum, including independent living, assisted living, and memory care units. Representing a long-term PSRS client, the team leveraged a trusted correspondent relationship to secure a non-recourse loan through a life insurance company at a 42% LTV, structured with a 10-year term and 36 months of interest-only payments. Notably, despite a rising interest rate environment during processing, the Life Co honored the original rate lock, protecting the borrower from shifting market volatility.