Walton Street Capital, L.L.C., a leading affiliate of Walton Street Capital, recently originated a $59.2-million loan to a partnership between Alliance Residential and Affinius Capital for the refinance of Watermark at Almaden in San Jose, California – an impressive 200-unit senior living community located at 4610 Almaden Expressway.
Delivered in late 2020 and currently completing lease-up, this property offers residents various studio-, one-, two-, and companion bedroom floorplans as well as nearly 70,000 square feet of luxurious amenities including multiple dining areas; cocktail lounge; fitness & wellness center; golf simulator; spa & outdoor pool – all designed to enhance the resident experience!
“This was an attractive opportunity to finance such an exquisite asset with high barriers to entry within a market that has continually displayed strong fundamentals,” said Hilary Caudle VP with Walton Street “Both Alliance and Affinius have extensive experience in this sector which enabled them develop top grade facilities tailored specifically for the San Jose market.”
