Fortress Investment Group - Adam Levinson Acquires Seniors Housing In Four Corners For $37.75M Loan From MidCap Financial Services
8400 Champions Gate Boulevard West, Champions Gate, Florida 33896, United States
$37,750,000
Building Size
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Asset Type
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Closing
Aug 29, 2022
AI
Adam Levinson of Fortress Investment Group has closed a loan transaction in the Four Corners market. The property, located at 8400 Champions Gate Blvd, is a seniors housing asset spanning 11.6 acres. The property consists of 233 units, making it a significant investment in the area. The loan for this transaction was provided by MidCap Financial Services, with a four-year term. The loan amount was $37,750,000.
Summary of transaction details:
- Property Type: Seniors Housing
- Transaction Amount: $37,750,000
- Address: 8400 Champions Gate Blvd
- Market: Four Corners
- Units: 233
- Acres: 11.6
The landlord in this transaction is Adam Levinson, representing Fortress Investment Group. JLL Capital Markets acted as the broker in facilitating this deal.
Players
Champions Gate CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93