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
Units
233
Asset Type
—
Closing
Aug 29, 2022
About this deal
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.
On the Map
$37,750,000
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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