Fairstead Secures $64M Loan For Senior Housing In Naples
948 Goodlette-Frank Road, Naples, FL, USA
$64,000,000
Units
250
Asset Type
Other
Closing
Feb 10, 2021
About this deal
AI
Senior Housing in Naples has been involved in a closed property transaction. The property, located at 948 Goodlette-Frank Road, was part of a deal that took place on February 11, 2021. The transaction was brokered by John Tatum, Will Blodgett, and Jeffrey Goldberg, as seen in an image shared on Instagram.
Summary of transaction details:
- Property Type: Senior Housing
- Loan Amount: $64,000,000
- Units: 250
Fairstead served as the landlord for this transaction. The involvement of the aforementioned brokers suggests their representation of the parties involved in the deal. The image shared on Instagram provides a visual confirmation of their participation in the transaction.
Players
Naples Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
Deal FAQ
Browse Florida other loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93