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8400 Champions Gate Bouleva...

Fortress Investment Group - Adam Levinson Acquires Seniors Housing In Four Corners For $37.75M Loan From MidCap Financial Services
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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

Asset Type

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

MidCap Financial
MidCap FinancialLender

Adam Levinson

Fortress Investment Group

Landlord

$170.3M

vol

4 deals

Landlord

Champions Gate CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

Loading comparables…

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