**$58M Financing Secured for Lynnwood Senior Housing Community**
JLL has successfully arranged $58 million in financing for Quail Park of Lynnwood, a 253-unit senior housing community located in Lynnwood, Washington.
Acting on behalf of the borrower, IRA Capital, JLL secured a three-year, floating-rate senior loan from a regional bank. In addition to arranging the financing, JLL also facilitated the sale of the property to IRA Capital in June 2024.
The JLL Capital Markets Seniors Housing team involved in the financing included Senior Director Alanna Ellis, Senior Managing Director John Chun, and Associate Zach Brantley. The property sale was managed by Director Dean Ferris.
Quail Park of Lynnwood was developed in two phases. The first phase, completed in 2013, features 131 units offering independent living, assisted living, and memory care services. The second phase, completed in 2020, added 122 units including 26 cottages and 16 enhanced assisted living residences.
The community is situated on a 15.25-acre campus at 4015 164th Street SW, approximately 17 miles north of Seattle.
