Kennedy Funding Provides $3.725M Loan To Vseva Crown Court LLC For Senior Housing In Inverness
109 North Seminole Avenue
$3,725,000
Building Size
—
Asset Type
Senior Housing
Closing
Sep 30, 2025
AI
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
Inverness Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.26%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93