Westlake Senior Living Center secures $43m in financing for senior housing asset in California

Westlake Senior Living Center announced that it has secured $43.24 million in financing for Varenita of Westlake, an 86-unit assisted living and memory care community in Thousand Oaks, Calif.

JLL represented the borrower to secure the five-year loan from a regional bank.

The class A community consists of 58 assisted living units and 28 memory care units across three stories with surface and underground parking. The community features a mix of predominantly one-bedroom units, along with studios and two-bedroom units.

The community features a selection of on-site community amenities including designated dining rooms, a bistro, art room, a spa and salon. It also boasts a movie theater, laundry facility, fitness center with physical and occupational therapy, wellness center, outdoor patios and walking paths.

Located at 95 Duesenberg Drive, Varenita of Westlake is located within walking distance of some of the nation’s largest retailers and less than four mi