Fortress Investment Group - Adam Levinson Acquires Seniors Housing In Four Corners For $37.75M Loan From MidCap Financial Services
FINANCED
$37,750,000
Florida
See Similar DealsFinanced 08/30/2022
FINANCED
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
See Similar DealsFinanced 08/30/2022
Summary
FLORIDA
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$37,750,000.00
Monthly NOI$251,666.67
Monthly Debt Service$238,605.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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