All OK in Otay Ranch

by | May 17, 2017 7:00 am | Developments, Financings | 0 comments

The team at Cushman & Wakefield is helping a senior living development get off the ground in the newly developed master-planned community of Otay Ranch in Chula Vista, California (San Diego MSA). Expected to break ground at the end of the month, the project will feature 85 assisted living and 26 memory care units in two stories. A joint venture between Douglas Wilson Companies and Milestone Retirement is developing the community on a 4.5-acre site, which it hopes to open by the fall of 2018. Rick Swartz, Aaron Rosenszweig and Jim Dooley of Cushman & Wakefield represented Douglas Wilson Companies in arranging $22 million in construction debt from Wells Fargo as well as over $8.3... Read More »

Two quick-fire transactions from RED Capital Partners

by | Mar 31, 2015 6:47 pm | Developments | 0 comments

From its growing balance sheet construction lending platform, RED Capital Partners announced the closing of two separate transactions within a day of each other. The first was an $8.8 million loan for a 46-unit memory care community in Lakewood, Colorado (Denver area). The borrowers were Taylor Fitzpatrick Capital, the Crystal Group and Milestone Retirement, which will operate the community. And second, RED closed a $13.86 million loan for a 107-unit assisted living/memory care community in Kearns, Utah (Salt Lake City area) being developed by Link Development and managed also by Milestone Retirement. The project is estimated to cost about $17.9 million, amounting to $167,300 per unit,... Read More »