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16321 N 83rd Ave.

RRA Capital Provides $9.45 Million Loan For Peoria Hospital Transaction Through Tower Capital
FINANCEDHospital

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

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:

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

Kyle McDonough

Tower Capital

Broker

$471M

vol

11 deals

Broker
RRA Capital
RRA CapitalLender

Peoria Hospital Market Snapshot

Boundary boundary · Hospital · Loan transactions

Loading comparables…

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