Sunrise Senior Living Secures $45.77M Construction Loan For Senior Housing In Coral Gables
1000 Ponce De Leon Boulevard, Coral Gables, Florida 33134, United States
$45,770,000
Units
94
Asset Type
—
Closing
Sep 1, 2022
About this deal
AI
The senior housing property located at 1000 Ponce De Leon Blvd in Coral Gables has been involved in a closed transaction. The property consists of 94 units and is owned by Sunrise Senior Living, represented by Paul & Terry Klaassen.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $45,770,000
- Date: 09/02/2022
- Address: 1000 Ponce De Leon Blvd
- Market: Coral Gables
A construction loan of $45,770,000 was obtained for the senior housing property located at 1000 Ponce De Leon Blvd in Coral Gables. The loan was acquired to support the construction of the property.
On the Map
$45,770,000
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Coral Gables CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93