Sunrise Senior Living Secures $45.77M Construction Loan For Senior Housing In Coral Gables
FINANCED
$45,770,000
Florida
See Similar DealsFinanced 09/02/2022
FINANCED
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
See Similar DealsFinanced 09/02/2022
Summary
FLORIDA
Transaction Type:Loan
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.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,770,000.00
Monthly NOI$305,133.33
Monthly Debt Service$289,297.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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