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10/31/17
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Global Premier Development (GPD) has obtained a $12.5 mil loan secured by a 59.7k sf senior living facility in Oxnard. The building is sited on 2.36 acres of land and consists of 102 units with 128 beds.
Originally built in 1960, the property is currently undergoing extensive renovations that are expected to be completed in 2018. GPD has invested approximately $10 mil into the property and plans on making additional investments. When completed, it will be managed by Meridian Senior Living, the nation’s 5th largest operator of senior living properties.
The financing was arranged by iBorrow.
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