Updated Oct 29, 2024
SanCap Bank Provides $12.75M Acquisition Loan For Nursing Home In Cape Coral
1906 Skyline Boulevard
$12,750,000
$165/SF
Building Size
77,000 SF
Asset Type
Nursing Home
Closing
Mar 23, 2023
About this deal
AI
The nursing home located at 1906 Skyline Boulevard in Cape Coral was recently involved in a loan transaction. The property spans 77,000 square feet and is currently in lease-up.
Summary of transaction details
- Property Type: Nursing Home
- Loan Amount: $12,750,000
- Loan Type: Acquisition Loan
- Loan Terms: 75% LTC, 24 months IO, 7.75% Fixed, No Prepayment Penalty
The lender for this transaction was SanCap Bank, and the broker involved was Adrian Edery from Paradigm Commercial Real Estate.
The nursing home loan at 1906 Skyline Boulevard in Florida financed for $12.8M in 2023. The building is 77,000 square feet, implying about 165 per square foot on the published price. Adrian Edery, Paradigm Commercial Real Estate appear on the loan alongside Paradigm Commercial Real Estate. This page is the Florida file for the 1906 Skyline Boulevard nursing home financed: pricing, party profiles, and other closed nursing home comps from the same Florida sit in the Market section below. Filter that local nursing home set by closing date to see what else financed near 1906 Skyline Boulevard around 2023. Published consideration for 1906 Skyline Boulevard is $12.8M, dated 2023. Cite this SanCap Bank Provides $12.75M Acquisition Loan For Nursing Home In Cape Coral loan when underwriting similar nursing home product around Florida.
Players
Market Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93