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JLL Arranges $29.5M Refinancing of Seattle Senior Community Mirror Lake Village

JLL Arranges $29.5M Refinancing of Seattle Senior Community

JLL Capital Markets has arranged a $29.5 million refinancing for Mirror Lake Village, a 114-unit, 138-bed, Class-A independent living, assisted living and memory care community in Federal Way, WA. JLL worked on behalf of the borrower, Mirror Lake Village, LLC, to secure the financing.

“We were very pleased to deliver such a unique execution for our clients in a difficult environment,” said Alanna Ellis, who led the JLL Capital Markets team. “The combination of balance sheet financing from a regional bank together with retroactive C-Pace provided for full leverage on the reset budget and blended all in rate of 5.21% including 10 years of interest only and 45% of the financing as fixed rate non-recourse.”

Mirror Lake Village is located at 3100 9th Place SW in an area with ample outdoor amenities and a vibrant city center. The community offers an outdoor courtyard, covered patio, hair salon, theater and library. 


Inside The Story

JLL Capital Markets Alanna EllisMirror Lake Village

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Financing