Updated Dec 4, 2024
Cooper Horowitz Secures $15M Refinance Loan For Fort Myers Nursing Facility
$15,000,000
$260/SF
Building Size
57,650 SF
Asset Type
Nursing Home
Closing
Mar 20, 2024
About this deal
AI
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.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93