Cooper Horowitz Secures $15M Refinance Loan For Fort Myers Nursing Facility
FINANCED
$15,000,000
Florida
See Similar DealsNursing Home57,650 SF
Financed 03/20/2024
FINANCED
Cooper Horowitz Secures $15M Refinance Loan For Fort Myers Nursing Facility
Nursing Home57,650 SF
Financed 03/20/2024
Summary
Asset Type:Nursing Home
Price Per Square Foot:$260
Total Square Footage:57,650 SF
Transaction Type:Loan
The Skilled Nursing Facility in Fort Myers, FL, spanning 57,650 square feet, was involved in a refinancing deal amounting to $15,000,000. The transaction took place on March 20, 2024, with brokers David Horowitz & Richard Horowitz from Cooper Horowitz facilitating the deal.
Summary of transaction details:
- Property Type: Skilled Nursing Facility
- Transaction Amount: $15,000,000
- Market: Fort Myers, FL
- Asset Type: Skilled Nursing Facility
- Brokers: David Horowitz & Richard Horowitz - Cooper Horowitz
The loan was for refinancing the Skilled Nursing Facility and was successfully executed with the assistance of brokers from Cooper Horowitz, David Horowitz, and Richard Horowitz.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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