Gantry Arranges $267M 20-Year Permanent Loan For Medical Office Portfolio In New Jersey, Florida, Virginia, And California
Medical Office Portfolio
$267,000,000
$596/SF
Building Size
447,335 SF
Asset Type
Medical Office
Closing
Sep 8, 2020
AI
A medical office portfolio located in Toms River, New Jersey; Lakeland, Florida; Chesapeake, Virginia; and California has been involved in a loan transaction. The portfolio has a total square footage of 447,335 square feet, making it a substantial asset in the market.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $267,000,000
- Loan Type: 20-year
- Loan Terms: Permanent Loan
- Brokers: George Mitsanas, Peter Hillakas & Austin Ridge - Gantry
Gantry, represented by George Mitsanas, Peter Hillakas, and Austin Ridge, facilitated the loan for this medical office portfolio. The loan amount secured for the portfolio is $267,000,000 with a 20-year term. The permanent loan provides a long-term financing solution, ensuring stability for the owners of the medical office properties.
Players
København Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93