RRA Capital Provides $9.45 Million Loan For Peoria Hospital Transaction Through Tower Capital
16321 N 83rd Ave.
$9,450,000
$46/SF
Building Size
201,283 SF
Asset Type
Hospital
Closing
Jan 26, 2023
About this deal
AI
The property involved in this transaction is a hospital located at 16321 N 83rd Ave. in Peoria. The asset has been financed with a loan amounting to $9,450,000.00.
Summary of transaction details:
- Property Type: Hospital
- Transaction Amount: $9,450,000.00
- Market: Peoria
- Lender: RRA Capital
- Brokers: Kyle McDonough - Tower Capital
- Loan Date: 01/26/2023
Kyle McDonough from Tower Capital represented the financing arrangement for this hospital transaction. The deal showcases the collaboration between the lender and the broker in securing the loan for this asset.
Players
Peoria Hospital Market Snapshot
Boundary boundary · Hospital · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.68%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93