Greystone Provides $6.4M Construction Loan For Multifamily Nursing Home In Angels Camp
FINANCED
$6,400,000
California
See Similar DealsMultiFamily317,988 SF
Financed 12/04/2020
FINANCED
Greystone Provides $6.4M Construction Loan For Multifamily Nursing Home In Angels Camp
1400 Foothill Village Dr, Angels Camp, CA, USA
See Similar DealsMultiFamily317,988 SF
Financed 12/04/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$20
Total Square Footage:317,988 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily located at 1400 Foothill Village Drive in Angels Camp. The transaction took place on 12/04/2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,400,000
- Market: Angels Camp
- Lender: greystone''>Greystone
- Brokers: Yaakov Zar & Matthew Rubin from LevCapital
The loan provided for this transaction is a construction/value add loan for a Nursing Home. It is a non-recourse loan with a term of 24 months, including two 6-month extension options.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,400,000.00
Monthly NOI$42,666.67
Monthly Debt Service$40,452.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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