Walton Street Capital, L.L.C., an affiliate of Walton Street, originated a $59.2 million loan to a partnership between Alliance Residential and Affinius Capital for the refinance of Watermark at Almaden – a 200-unit senior living community located at 4610 Almaden Expressway in San Jose. Delivered in late 2020, the property is currently completing lease-up and features studio, one-, two-, and companion-bedroom floorplans with multiple dining areas, cocktail lounge, fitness & wellness center with golf simulator & spa as well as outdoor pool to enhance resident experience.
Hilary Caudle VP from Walton Street commented on this attractive opportunity: “This was an attractive opportunity to finance a senior living community in high barrier to entry market that has continually displayed strong market fundamentals… Both Alliance and Affinius are experienced in the sector having developed top grade asset catered for San Jose market”
