Ventana al Sur

Overview

Deal Type Construction
Size $49.3 Million
New Construction of Seniors Housing

Summary

Ventana al Sur is a new construction, affordable seniors housing community scheduled for development in the San Ysidro Historic Village District, California. The property will include 100 one- and two-bedroom apartments for seniors 62 and over with 20-50% of area median income, with 25 units reserved for seniors experiencing chronic homelessness, supported by vouchers from San Diego Housing Commission (SDHC). Unhoused seniors will be referred through the County’s Coordinated Entry System, with supportive services provided from on-site offices by Father Joe’s, one of the largest such providers in San Diego. Services include case management, health and wellness, access to financial and other resources, household stability, aging in place, and eviction prevention. Amenities include easy access to shopping, community center, community clinic and transit.

The project receives $49.3 million of construction financing from KeyBank, $4.4 million from SDHC, $5 million from San Diego Economic Development, $20 million from California State Multifamily Housing Program and $30.4 million from California Housing Accelerator funds as part of the state’s efforts to address areas in greatest need of affordable housing.

Recent Deals

September 2022

$600 Million

Delayed Draw Term Loan

$700 Million

Bridge Revolver

Joint Lead Arranger
Joint Bookrunner

Debt Capital Markets

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September 2022

Welltower 

$750 Million

Unitranche Joint Venture

First mortgage financing available for seniors housing & skilled nursing facilities

welltower-1
September 2022

Welltower 

$5.2 Billion

Senior Unsecured Credit Facility

Joint Lead Arranger
Administrative Agent

welltower
September 2022

OMNI

$27 Million

Vitalia Senior Residences, Ohio

Life Company

omni
August 2022

Ventana al Sur

$49.3 Million

New Construction of Seniors Housing

Construction

ventana-al-sur
August 2022

 

$1 Billion

Senior Secured Credit Facility

Joint Lead Arranger
Joint Bookrunner

Debt Capital Markets

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August 2022

Claysburg II Tower 

$21 Million

Private Placement Permanent Loan to finance acquisition and rehabilitation of Claysburg II Tower

Private Placement

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August 2022

Cadenza 

$28.5 Million

New construction of 160 affordable units

Bridge
Construction
Low Income Housing Tax Credits

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August 2022

 

$3 Billion

Senior Secured Credit Facility; Term Loan

Joint Lead Arranger
Joint Bookrunner
Documentation Agent

Debt Capital Markets

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August 2022


$124 Million

Senior Secured Credit Facilities

Coordinating Lead Arranger
Sole Bookrunner
Administrative Agent
Depository Bank
Collateral Agent
Issuing Bank

Debt Capital Markets

amp-energy
August 2022

 

$1.5 Billion

Senior Secured Credit Facility

Administrative Agent
Coordinating Lead Arranger
Sole Bookrunner

Debt Capital Markets

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July 2022

 

$280 Million

Senior Secured Credit Facilities

Left Lead Arranger
Joint Bookrunner
Administrative Agent

Debt Capital Markets

intralot-inc-
July 2022

has acquired

 

$75.8 Million

Senior Secured Credit Facilities

Debt Advisor

Debt Capital Markets
Mergers & Acquisitions

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July 2022

Lofts on Main

$14.3 Million

Adaptive Reuse and New Construction

Construction

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July 2022

 

$10 Million

Senior Secured Credit Facilities

Sole Lender

rudis

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