ARRIBA CAPITAL CLOSES $2,600,000 LOAN ON ASSISTED LIVING FACILITY IN CAMERON PARK, CA

Arriba Capital successfully closed a $2,600,000 loan for an all private pay assisted living facility located in Cameron Park, CA. The loan was used to facilitate a partner buy-out. Arriba is continuing to work with the borrower to secure a $3,700,000 credit facility to expand the facility by adding an additional 31 beds to meet market demand. The initial loan was structured at 85% of the as-is value at Prime + 200, with a 25-year term and a 25-year amortization. The borrower was a privately held, California-based senior housing development and management company.