JLL Capital Markets announced it arranged financing for the Lodge at Piner Road, a 92-unit seniors housing development located in Santa Rosa, California, part of Sonoma County.
JLL represented the borrower, Blue Mountain Enterprises and Calson Management, to secure the 75 percent LTC loan through a private lender.
The to-be-built, Class A property will total 37,762 square feet and consists of 66 assisted living units, which will include studios, one- and two-bedroom units, and 26 private memory care units. The memory care units will contain separate dining and gathering areas, with a large, landscaped courtyard being the connector, located in the center of the building. Proposed amenities to the property include activity areas, rooftop garden, café, movie theater, library and wellness center.
Positioned on two acres at 1980 Piner Rd., the transit-orientated development is across the street from a local bus stop, providing direct access to Downtown Santa Rosa. Additionally, it’s proximate to the Sonoma-Marin Rail Transit (SMART) station, which was recently completed in 2017, to allow connectivity to both Santa Rosa and San Francisco; and Highways 101 and 37, and Interstate 580 and 80.
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