CIT Group Inc Arranges $34M Loan For Senior Housing In Chandler, AZ
4950 West Chandler Boulevard, Chandler, Arizona 85226, United States
$34,000,000
$207/SF
Building Size
164,116 SF
Asset Type
—
Closing
Dec 21, 2021
About this deal
AI
A senior housing property located at 4950 W Chandler Blvd in Chandler, AZ, has recently closed a transaction. The property consists of 162 units and is owned by Spectrum Retirement Communities.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $34,000,000
- Address: 4950 W Chandler Blvd, Chandler, AZ
- Market: Chandler, AZ
- Units: 162
The deal was facilitated by broker William Douglass from CIT Group Inc, who represented the seller.
The commercial loan at 4950 West Chandler Boulevard, Chandler, Arizona 85226, United States in Chandler, Arizona financed for $34M in 2021. Reported inventory is 164,116 square feet across 162 units, or about 207 per square foot. Named participants on the 4950 West Chandler Boulevard, Chandler, Arizona 85226, United States loan are William Douglass. This page is the Chandler, Arizona file for the 4950 West Chandler Boulevard, Chandler, Arizona 85226, United States commercial financed: pricing, party profiles, and other closed commercial comps from the same Chandler sit in the Market section below. Filter that Chandler commercial set by closing date to see what else financed near 4950 West Chandler Boulevard, Chandler, Arizona 85226, United States around 2021. Published consideration for 4950 West Chandler Boulevard, Chandler, Arizona 85226, United States is $34M, dated 2021. Cite this CIT Group Inc Arranges $34M Loan For Senior Housing In Chandler, AZ loan when underwriting similar commercial product around Chandler, Arizona.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93