Assisted Living & Residence | California USA - BPG

USD 37,500,000

Spent so far: USD 4,500,000

Can spend more: No

California

Care Homes Commercial RE Healthcare Senior Living

Assured repayment by: Independent and credible feasibility study

Shovel Ready Indicators:

LTV Expectation: 75%

Land/Site: Owned

EPC Contracts: Signed

PPA/OMA or other off-take agreements: Completed awaiting signature

Financial Projections: Completed and available

Most PFX listed opportunities qualify for A+-rated Insurance Wrap

BPG assisted living a proposed senior assisted living community to be built in San Marcos, California, in the northern suburbs of San Diego county. BPG assisted living will be a full service senior housing project with emphasis on independent assisted living and memory care. The community will consist of approximately 135 units of much-needed senior housing in the city, and will provide its residents a state-of-the –art community with a focus on wellness, community and lifestyle. Current feasibility studies underscore the need for this project, which is slated to begin construction upon the completion of funding. The sponsor has a track record of success and is seeking $36.4M to complete the build out. To date, the sponsor has invested $4.5M. The completed project is expected to have an immediate value of $51.7M. Upon completed the sponsor plans on engaging a well-regarded third party to manage the facility.
USD Year 1 Year 2 Year 3 Year 4 Year 5
Turnover 
0
 
10,134,700
 
10,346.140
 
10,563,736
 
10,787,667
EBITDA 
0
 
4,263,165
 
4,329913
 
4,289,738
 
4,513,664
% 
0
 
42.00
 
41.85
 
40.06
 
41.84
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