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Kennedy Funding Provides $3.725M Loan To Vseva Crown Court LLC For Senior Housing In Inverness

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FINANCED
$3,725,000

Florida

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Senior Housing
Financed 09/30/2025
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Property Image
FINANCED

Kennedy Funding Provides $3.725M Loan To Vseva Crown Court LLC For Senior Housing In Inverness

109 North Seminole Avenue

See Similar Deals
Senior Housing
Financed 09/30/2025
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Summary

FLORIDA
Asset Type:Senior Housing
Transaction Type:Loan

The property asset involved in the transaction is a senior housing facility located at 109 North Seminole Avenue in Inverness, Florida. It encompasses an area of 0.697 acres and has been recently tied to a loan amount of $3,725,000. The property is recognized for its potential renovations as it is a 120-year-old establishment catering to senior housing.

Summary of transation details:

  • Property Type: Senior Housing
  • Transaction Amount: $3,725,000
  • Lender: Chase Wolfer & Kevin Wolfer - Kennedy Funding
  • Landlord: Vseva Crown Court LLC

The deal highlights the financial backing provided by Kennedy Funding to Vseva Crown Court LLC, ensuring funds are allocated for the renovation of the senior housing facility. The transaction reflects a strategic response to the increasing demand for senior housing solutions in Florida.

Players

KW
5 deals$14.7M volume
LENDER

LENDER

Details

FINANCED
IMAGE: Chase Wolfer & Kevin Wolfer DATE: 09/30/2025 ADDRESS: 109 North Seminole Avenue MARKET: Inverness ASSET TYPE: Senior Housing ~ ACRES: 0.697 LENDER: Chase Wolfer & Kevin Wolfer - Kennedy Funding (@KennedyFunding) LANDLORD: Vseva Crown Court LLC LOAN AMOUNT: $3,725,000 NOTE: Kennedy Funding provided a loan to Vseva Crown Court LLC, which recently bought the Crown Court senior housing facility in Inverness, FL, for $3.725M, to fund renovations of the 120-year-old property. The deal highlights rising demand for senior housing in Florida, where supply is falling far short of the state’s rapidly aging population.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,725,000.00

Monthly NOI$24,833.33
Monthly Debt Service$23,544.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00