Pasadena Skilled Nursing Facility

The subject property (the “Property”) is an owner-operated 2-story skilled nursing facility situated on .80 acres of land in Pasadena, CA. The property comprises 28,512 square feet and features 42 units and 96-beds. The building was originally constructed in 1965, and is currently at 97% occupancy. In 2017, the building’s net operating income was approximately $1.1 million.

 

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  • Property Type Assisted Living
  • PurposeRefinance
  • Gross Annual Coupon10.50%
  • Loan Amount$6,000,000
  • Loan to Value63.5%
Location

Pasadena, CA

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