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DALY CITY, CALIF. — CBRE has arranged an undisclosed amount of financing for a large private equity fund. The borrower will use the funds to refinance debt on Peninsula Del Ray, a 207-unit independent living and assisted living community in Daly City.
The property totals 304,350 square feet and is situated 9.5 miles south of downtown San Francisco.
Aron Will of CBRE National Senior Housing arranged the four-year, floating-rate loan. A regional bank provided the capital.