Updated Jul 29, 2026
Michael J. Gefter Secures $4,500,000 Loan For Hospital In Porterville With United Security Bank
935 W Morton Ave
$4,500,000
$129/SF
Building Size
34,860 SF
Asset Type
Hospital
Closing
Dec 14, 2022
About this deal
AI
The asset involved in this transaction is a hospital located at 935 W Morton Ave in Porterville. The loan amount for this property is $4,500,000.00, facilitated by United Security Bank.
Summary of transaction details:
- Property Type: Hospital
- Transaction Amount: $4,500,000.00
- Date: 12/14/2022
- Brokers: Michael J. Gefter
- Lender: United Security Bank
Michael J. Gefter represented the transaction, acting as the broker for the deal. No landlord is listed for this transaction.
The hospital loan at 935 W Morton Ave in Porterville, California financed for $4.5M in 2022. The building is 34,860 square feet, implying about 129 per square foot on the published price. Named participants on the 935 W Morton Ave loan are Michael J. Gefter. This page is the Porterville, California file for the 935 W Morton Ave hospital financed: pricing, party profiles, and other closed hospital comps from the same Porterville sit in the Market section below. Filter that Porterville hospital set by closing date to see what else financed near 935 W Morton Ave around 2022. Published consideration for 935 W Morton Ave is $4.5M, dated 2022. Cite this Michael J. Gefter Secures $4,500,000 Loan For Hospital In Porterville With United Security Bank loan when underwriting similar hospital product around Porterville, California.
Players
Porterville 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93