Regions West | San Diego
June 26, 2008
KeyBank Real Estate Capital closed three loans totaling $25 million for Emeritus Senior Living. The assisted living portfolio is comprised of three properties: The Palms at Loma Linda, Springs at Oceanside, and Liberal Springs. All three were Fannie Mae immediate funding loans with a 10-year fixed rate. The Palms at Loma Linda, a 137-unit property built in 1989 in a suburb of Los Angeles, Calif. Springs at Oceanside, a 114-unit property also built in 1989 is located near San Diego. Liberal Springs is a 44-unit property built in 1994 and is located Liberal, Kan.
KeyBank Real Estate Capital closed three loans totaling $25 million for Emeritus Senior Living. The assisted living portfolio is comprised of three properties: The Palms at Loma Linda, Springs at Oceanside, and Liberal Springs. All three were Fannie Mae immediate funding loans with a 10-year fixed rate. The Palms at Loma Linda, a 137-unit property built in 1989 in a suburb of Los Angeles, Calif. Springs at Oceanside, a 114-unit property also built in 1989 is located near San Diego. Liberal Springs is a 44-unit property built in 1994 and is located Liberal, Kan.
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