Updated Oct 28, 2024
Brightwater Senior Living Secures $18 Million Loan For Medical Facility In Highland
28807 Baseline Street, Highland, California 92346, United States
$18,000,000
Building Size
—
Asset Type
Other
Closing
Sep 11, 2022
About this deal
AI
A medical facility located at 28807 Baseline St in Highland was recently involved in a closed property transaction. The facility has a capacity of 99 beds and is owned by Brightwater Senior Living.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $18,000,000
- Address: 28807 Baseline St
- Market: Highland
- Lender: Capital Funding Group - Erik Howard & Ken Assiran
- Landlord: Brightwater Senior Living
The loan amount for this transaction was $18,000,000. The loan was provided by Capital Funding Group, represented by Erik Howard & Ken Assiran. They facilitated the transaction between the borrower and lender.
Players
Highland Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93