JLL Capital Markets arranged $16.275 million in acquisition financing for two land sites totaling 12.73 acres for the development of seniors housing communities in Livermore and Soquel.
A JLL Capital Markets debt advisory team of Bercut Smith, Lillian Roos Lauren Sackler and Ace Sudah worked on behalf of Calson Management, to secure the $10.5-million and $5.775-million one-year, fixed-rate loans through Barnett Capital Limited.
The first site is located at 1202 Concannon in Livermore. and totals nine acres. It will be developed into a 128-unit seniors housing community offering assisted living and memory care.
Situated on 3.73 acres at 5630 Soquel Dr. In Soquel, the second land site will be developed into an 82-unit senior housing community near Santa Cruz. The site is a fully entitled assisted living and memory care development that Calson Management took through the entitlement process while the site was under contract.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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