This investment is an origination of a $35,750,000 first mortgage loan collateralized by Ponte Palmero, a 239-unit continuing care retirement community built in 2008 and located in the Sacramento suburb of Cameron Park, California. Ponte Palmero is a high-quality modern facility with superior amenities and competitive rents. The property consists of three types of retirement housing options: 104 independent living units resembling single-family residences, 100 assisted living units and 35 memory care units. The property features a spacious 8,000 square-foot clubhouse with a full service restaurant, swimming pool, fitness center and other amenities.
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