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Gantry Arranges $267M 20-Year Permanent Loan For Medical Office Portfolio In New Jersey, Florida, Virginia, And California

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FINANCED
$267,000,000
Peter Hillakas
George Mitsanas
Austin Ridge

Capital Region Of Denmark

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Medical Office447,335 SF
Financed 09/08/2020
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Property Image
FINANCED

Gantry Arranges $267M 20-Year Permanent Loan For Medical Office Portfolio In New Jersey, Florida, Virginia, And California

Medical Office Portfolio

See Similar Deals
Medical Office447,335 SF
Financed 09/08/2020
Peter Hillakas
George Mitsanas
Austin Ridge
the dealplayerscompscontact
Contact now

Summary

Asset Type:Medical Office
Price Per Square Foot:$596
Total Square Footage:447,335 SF
Transaction Type:Loan

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

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

George Mitsanas
Gantry
George Mitsanas
16 deals$896.8M volume
BROKER
Peter Hillakas
Gantry
Peter Hillakas
5 deals$408.5M volume
BROKER
Austin Ridge
Gantry
Austin Ridge
11 deals$617.1M volume
BROKER

Details

FINANCED
IMAGE: George Mitsanas, Austin Ridge & Peter Hillakas DATE: 09/09/2022 ADDRESS: Medical Office Portfolio MARKET: Toms River, New Jersey; Lakeland, Florida; Chesapeake, Virginia; California ASSET TYPE: Medical Office ~ SF: 447,335 BROKERS: George Mitsanas, Peter Hillakas & Austin Ridge - Gantry (@Gantryrc) LOAN AMOUNT: $267,000,000 LOAN TYPE: 20-year LOAN TERMS: Permanent Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$267,000,000.00

Monthly NOI$1,780,000.00
Monthly Debt Service$1,687,621.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00